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Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rally

2 days ago

The Dow (^DJI) and the S&P 500 (^GSPC) touched record highs on Thursday as investors digested the the Federal Reserve's announcement during the prior session — a 50 basis point rate cut.

The S&P 500 climbed roughly 1.7%, while the Dow rose more than 1%, both reaching record highs. The tech-heavy Nasdaq Composite (^IXIC) led the gains, up more than 2.3%.

The major averages seesawed during the prior session following the Fed's decision to cut rates.

Gold (CG=F) hovered near all-time highs. The precious metal and other commodities climbed as the dollar declinined

Source: finance.yahoo.com

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