We've Been Here Before: History Says Stocks Move Big in This Direction When the Fed Cuts Interest Rates
Last week was huge for Wall Street and investors. The iconic Dow Jones Industrial Average (DJINDICES: ^DJI), which welcomed two new components on Friday, the benchmark S&P 500 (SNPINDEX: ^GSPC), and the growth stock-propelled Nasdaq Composite (NASDAQINDEX: ^IXIC), all flew to record-closing highs.While the results of the highly anticipated U.S. election, which saw former President Donald Trump become president-elect, can be attributed for a good portion of these gains, let's not overlook the role our nation's central bank has played in stoking optimism on Wall Street.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool
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