From Google: 2024-09-18 14:29:02

The Dow Jones Industrial Average surged to an all-time high before tumbling after the Federal Reserve cut interest rates by half a percentage point. This move was intended to protect the economy from the potential impact of the coronavirus outbreak.
Investors are worried about the effectiveness of the rate cut and the overall impact of the virus on the global economy. The Dow’s initial surge was the biggest one-day point gain in history, but concerns about the virus caused it to drop by more than 780 points.
Many investors are uncertain about the future trajectory of the market and the potential economic fallout from the coronavirus. The Fed’s decision to cut rates is seen as a way to boost economic growth, but uncertainty remains about the extent of the virus’s impact.



Read more at Google: Dow leaps to all-time high — then tumbles after Fed slashes rates by half-point – New York Post