Stocks on Wall Street rose to build on a record-setting rally on Thursday as relieved investors continued to celebrate the Federal Reserve's signals it will delay but not slow rate cuts. The S&P 500 rose 0.5%, surpassing 5,250. The Dow Jones Industrial Average gained 0.5% to creep closer to the 40,000 mark, while the tech-heavy Nasdaq Composite moved up 0.9%.
With six weeks until the next Fed policy meeting in May, other drivers for stocks are now likely to come into focus. While AI growth hopes have provided a boost to techs, there were signs of broadening in the market's relief rally. Read more: What the Fed rate decision means for your money Elsewhere, the Swiss National Bank stole a march on the Fed by lowering interest rates on Thursday.
Source: News Formal (newsformal.com)
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