Gold Finance reported that the Federal Reserve lowered the target range for the federal funds interest rate by 50 basis points, to 4.75% to 5.00%. U.S. stocks rose and then fell back, with all three major indexes falling. The Dow Jones fell 0.25%, the S&P 500 fell 0.29%, and the Nasdaq fell 0.31%. Among them, the Dow Jones and the S&P 500 both hit new intraday highs.
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Gold Finance reported that the Federal Reserve lowered the target range for the federal funds interest rate by 50 basis points, to 4.75% to 5.00%. U.S. stocks rose and then fell back, with all three major indexes falling. The Dow Jones fell 0.25%, the S&P 500 fell 0.29%, and the Nasdaq fell 0.31%. Among them, the Dow Jones and the S&P 500 both hit new intraday highs.