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May 3, 2024, 1:41 PM
Apr 30, 2024, 5:03 PM
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Fed hints at rate cut as Dow surges 500 points

Wall Street unincorporated community in Missouri Board of Governors of the Federal Reserve System governing body of the Federal Reserve System Federal Reserve System central banking system of the United States
Highlights
  • Wall Street stocks initially wavered but then surged after the Federal Reserve left interest rates unchanged.
  • The Dow jumped nearly 500 points as investors reacted to the possibility of an earlier rate cut by the Fed.
  • The softer-than-expected jobs report fueled hopes of a rate cut, leading to a positive market response.

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