Fed Rate Cut Hopes Boost Stocks, Tech Cools Off

Stocks surged today following hints from Federal Reserves John Williams of a potential December interest rate cut. Major indices like S&P, Dow, and Nasdaq rallied, with some individual stocks like Pitney Bowes and CDW jumping over 3%. However, the tech-heavy Nasdaq dipped slightly, indicating a cooling off period for high-growth tech stocks. Despite overall optimism, financial leaders warn of potential market corrections in the future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.