Stocks 🔥 rebound this 🔥 Thursday after the US Federal 🔥 Reserve's drastic cut in interest rates ========== Stocks soared 🎉 on September 22, 2024, 🌈 after the U.S. Federal Reserve 👍 cut interest rates 🌈 by 0.5 percentage points, marking its 🤔 first cut since the Covid pandemic and bringing 😀 rates to their lowest in 💯 23 🎉 years; The Dow 😂 rose 🎉 537 points (1.3%), S&P 500 gained 1.6%, and Nasdaq added 2.3%; Tech stocks 😀 like Nvidia (up 4%), 🔥 Tesla (up 👍 2.6%), Meta Platforms (up 2%), 😀 and 👍 Apple (up 2.2%) saw significant gains; Fed Chair Jerome Powell indicated a shift from controlling 👍 inflation to maximizing employment, 🔥 forecasting unemployment to 💯 rise to 4.4% from 4.2%; Ronald 🌈 Temple of 🤔 Lazard 🎉 described the Fed's action 🤔 as an insurance policy against labor market weakening; Future rate 🔥 cuts are expected in 2024, but Powell cautioned against expecting cuts of the same 😀 magnitude. #Stocks #FederalReserve #InterestRates #Economy #Employment #Inflation #MarketRebound #TechStocks #JeromePowell #RonaldTemple https://www.jankarinews.com/stocks-rebound-this-thursday-after-the-us-federal-reserves-drastic-cut-in-interest-rates/news