Federal Reserve Hints at December Rate Cut, Stocks Surge

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

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Stocks surged in afternoon trading yesterday, following hints from Federal Reserve official John Williams about a potential December interest rate cut. Major indices like the S&P 500, Dow Jones, and Nasdaq all gained, with companies like EchoStar, Lumen, Exponent, and TD SYNNEX seeing significant stock price increases. This market reaction underscores the impact of Federal Reserve signals on investor sentiment and the potential broad implications of a rate cut for businesses and consumers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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