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Dow on Steroids: Amped U.S. Stocks Open Sharply as Fed Prepares Rate Cut

Dow on Steroids: Amped U.S. Stocks Open Sharply as Fed Prepares Rate Cut

CCN

Cryptocoins News / CCN 17 Views

By CCN Markets: The Dow and broader U.S. stock market surged on Thursday, as traders doubled down on their bets that the Federal Reserve will lower interest rates following next month’s policy meeting. Dow Extends Rally; S&P 500, Nasdaq Follow All of Wall Street’s major indexes opened sharply higher on Thursday, mirroring a strong pre-market for Dow futures. The Dow Jones Industrial Average spiked 215.31 points, or 0.8%, to 25,719.31. The broad S&P 500 Index of large-cap stocks climbed 1% to 2,954.81, with seven of 11 primary sectors reporting gains. Health care stocks were the biggest gainers, climbing 1% as

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