Markets React Positively To Fed Decision

The Dow and S&P surging to new all time highs Thursday while the tech heavy NASDAQ also rose, all three came back down to Earth a bit Friday.

Transcript

00:00Didn't take long to see the impact of interest rate cuts. The Dow and S&P surging to new all-time

00:06highs Thursday, while the tech-heavy Nasdaq also rose. All three came back down to earth a bit

00:12Friday, but we're still trading in record territory. The Federal Reserve cutting rates

00:17by 50 basis points, sending Apple, Tesla, Nvidia, and Meta all significantly higher.

00:23Yet another interest rate cut expected at the Fed's next meeting, which comes just a few days

00:28after the election in November.