Federal Reserve cuts interest rates by 0.25 percentage points due to coronavirus concerns

From Google: 2024-09-19 04:27:00

The Federal Reserve cuts interest rates by 0.25 percentage points, as widely expected by the markets. The decision is influenced by concern for the economic impact of the coronavirus outbreak.Stock market responds positively with the Dow Jones Industrial Average rising over 100 points in early trading. Investors are focusing on company earnings reports and economic data. Tech giants like Apple and Microsoft are leading the way in early trading, with their stock prices increasing. Market analysts are advising investors to keep an eye on trade tensions and global growth concerns for potential market impact.



Read more at Google: Stock Market Today: What to Watch After Fed Cuts Rates – The Wall Street Journal