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WALL ST PULLS BACK AS INVESTORS PAUSE AFTER RATE CUT-FUELLED RALLY

  • NEWS Desk Global
  • Sep 20, 2024
  • 1 min read



Wall Street's main indexes eased on Friday as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve. The S&P 500 and the Dow hovered near their record highs and were on track for weekly gains of about 1%, along with the tech-heavy Nasdaq.

The Dow Jones Industrial Average fell 69.74 points, or 0.17%, to 41,955.45, the S&P 500 lost 20.53 points, or 0.36%, to 5,693.11 and the Nasdaq Composite lost 83.90 points, or 0.47%, to 17,932.00.

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