Dow Hits Record High As Fed Cuts Rates: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone
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U.S. stocks rose on Friday, with the Dow Jones hitting a record high, gaining over 150 points. The Federal Reserve's recent rate cut of 25 basis points has improved investor sentiment, reflected in the CNN Money Fear and Greed index, which remains in the 'Greed' zone at 62.1. The S&P 500 and Nasdaq also saw gains of 1.2% and 2.2%, respectively. Apple Inc. shares surged 3.2% due to strong demand for the new iPhone 17. Most sectors closed positively, except for energy and real estate stocks.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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