CNBC Daily Open: Markets have finally processed the good news
“Twenty-four little hours / Brought the sun and the flowers / Where there used to be rain,” sings Dinah Washington. She could've been singing about markets.
https://www.cnbc.com/2024/09/20/cnbc-daily-open-markets-have-finally-processed-the-good-news-.html
US stocks rallied on Thursday, with the S&P 500 and Dow Jones Industrial Average marking new record closes, while the tech-heavy Nasdaq Composite had its fourth-best day this year. The rally was fueled by a surge in tech stocks, including Tesla, Nvidia, and Apple. The Federal Reserve's rate cut also seemed to reassure investors, with Fed Chair Jerome Powell's use of the word 'recalibration' suggesting that the central bank is shifting focus to ensuring employment doesn't dip further.