The Federal Reserve hinted at potential future rate cuts, sparking a rally on Wall Street. The S&P 500 surged 0.7%, nearing its October high. The Dow climbed 1.1%, gaining 498 points, while the Nasdaq rose 0.3%. Both the S&P 500 and Dow had experienced losses in the previous two trading days. This marked the best Fed Day for the Dow since December 2023, as reported by Dow Jones Market Data.

Read more at Barron’s: Dow Rises Nearly 500 Points on Fed Optimism. S&P 500 Misses Record.