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Updated 6 months ago
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The Dow Jones Industrial Average hit an intraday record high.
The index is up 472 points, or 1.3% to 37049 at last check, reaching over 37000 for the first time.
It’s up just a little less than the S&P 500 and Nasdaq Composite, which have gained about 1.4% each.
Stocks are rallying after the Federal Reserve announced that it is holding interest rates as they are, as the rate of inflation has declined.
Markets are now reflecting rate cuts in 2024, moves that could ultimately support economic growth.
