Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.
Read More Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle
Billionaire hedge funder John Paulson has claimed he will remove his money from the U.S. markets if Vice President Kamala Harris stays in the White House for another four years in the upcoming November presidential election.
Read More Billionaire John Paulson Vows to Pull Investments from Stock Market if Harris Wins Presidency
The Federal Reserve cut interest rates by 0.5% for the first time since 2020. This move comes after inflation dropped to 2.5% from 9.1% and follows a revision showing nearly one million fewer jobs added than initially reported.
Read More Fed Cuts Interest Rates By 0.5%; First Cut In Four Years
Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
Read More Wall St subdued as investors await Fed decision with bated breath
Consumer confidence in the U.S. improved slightly in early September, with the University of Michigan’s index rising to 69, beating expectations. Inflation expectations have dropped for four consecutive months,
Read More Consumer Confidence Rises Despite Inflation Concerns, Expert Weighs In
Vice President Kamala Harris participated in her first solo interview since becoming the Democrat nominee nearly two months ago, following President Joe Biden’s monumental collapse.
Read More Kamala Harris’s First Solo Interview Goes Viral for Lack of Substance: ‘Disconnected from Everyday Americans’