US stocks surged after the Federal Reserve hinted at a possible rate cut in September.
US stocks surged on Wednesday following the Federal Reserve's decision to maintain interest rates and hint at a possible rate cut in September. The technology-heavy Nasdaq Composite led the gains, rising 2.66%. The S&P 500 and Dow Jones Industrial Average also rose, with gains seen across multiple sectors. The Federal Reserve's decision led to a surge in U.S. technology stocks, while the dollar fell in value against most currencies. Global stock markets also saw positive trends, with major indices closing higher.
July 31, 2024
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