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U.S. stocks rise after Fed cuts rates

WorldNews Thursday, 31 October 2019 ()
U.S. stocks rise after Fed cuts ratesNEW YORK, Oct. 30 (Xinhua) -- U.S. stocks rallied on Wednesday after the Federal Reserve cut interest rates for a third time this year. The Dow Jones Industrial Average jumped 115.27 points, or 0.43 percent, to 27,186.69. The S&P 500 increased 9.88 points, or 0.33 percent, to 3,046.77. The Nasdaq...
Credit: The Street - Published < > Embed
News video: Fed Cuts Rates ... Now What?

Fed Cuts Rates ... Now What? 01:25

The Federal Reserve just cut interest rates by 25 basis points for the third time in 2019, but the market had easily anticipated this outcome, begging the question of how much the move will actually impact economic growth. The Fed cut the federal funds rate, the interest rate at which banks lend to...

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