After a moderately lower close on Wednesday, September 18, 2024, driven by late-day volatility, stocks surged higher on Thursday, September 19, 2024. The major indices posted strong gains, with the Dow and the S&P 500 setting new record highs.
All the major averages remained firmly in positive territory. The Dow (
DJI.IDX) leaped 522.09 points, or 1.3%, to close at 42,025.19. The Nasdaq (
COMP.IDX) soared 440.68 points, or 2.5%, to 18,013.96, and the S&P 500 (
SP500.IDX) jumped 95.38 points, or 1.7%, to 5,713.64.
The rally came in response to the Federal Reserve’s decision on Wednesday to cut interest rates by ...
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