The Dow Jones Industrial Average hit the 40,000 point threshold for the first time ever on Thursday as investors on Wall Street were feeling timid over the idea of interest rate cuts.
Read More Dow Eclipses 40,000 For First Time Ever In The Stock Market
The Dow Jones Industrial Average breached the 40,000-point level for the first time ever on Thursday.
Read More Dow sprints past 40,000-mark on earnings boost, rate-cut bets
The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome.
Read More Fed to hold rates steady as inflation dims hopes for policy easing
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.
Read More Wall St gains after Friday sell-off, Mideast tensions subside
The U.S. Federal Reserve will cut its key interest rate in June, according to a stronger majority of economists in the latest Reuters poll.
Read More Fed to start rate cuts in June; risk fewer delivered this year
Traders speculate on the Federal Reserve’s next move, predicting potential interest-rate cuts to address economic trends.
Read More Fed rate cut seen on track for June even as inflation bumps up