FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., June 3, 2019. REUTERS/Brendan McDermid
- U.S. stocks opened higher on Tuesday after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth. The Dow Jones Industrial Average rose 143.04 points, or 0.58%, at the open to 24,962.82. The S&P 500 opened higher by 18.19 points, or 0.66%, at 2,762.64. The Nasdaq Composite gained 80.92 points, or 1.10%, to 7,413.94 at the opening bell, a day after it confirmed correction territory.
Source: News Formal (newsformal.com)
Have to love the narrative in 2019... Every rally is on “hope” while every sell-off is abrupt when that blind hope gets smacked by reality 🤣
Remember when 'fiscal conservatives' were whining about how low the rates were under Obama and the economy couldn't run on free Fed bucks? Funny how the fundamental laws of economics change every 4-8 years.
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