Dow Jones hits record high, Fed cuts interest rates, job market concerns and FedEx earnings decline.

The Dow Jones Industrial Average reached a record high, closing at 42,063.36, following the Federal Reserve's first interest rate cut in over four years. While the S&P 500 and Nasdaq posted weekly gains, concerns linger over a slowing job market and high stock prices. FedEx shares plummeted 15% due to disappointing earnings. Investors are closely watching Fed comments and upcoming economic reports, particularly regarding the labor market and inflation.

September 23, 2024
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