The Dow and S&P surging to new all time highs Thursday while the tech heavy NASDAQ also rose, all three came back down to Earth a bit Friday.
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00:00Didn't take long to see the impact of interest rate cuts. The Dow and S&P surging to new all-time
00:06highs Thursday, while the tech-heavy Nasdaq also rose. All three came back down to earth a bit
00:12Friday, but we're still trading in record territory. The Federal Reserve cutting rates
00:17by 50 basis points, sending Apple, Tesla, Nvidia, and Meta all significantly higher.
00:23Yet another interest rate cut expected at the Fed's next meeting, which comes just a few days
00:28after the election in November.