Market Surge: Wall Street's Optimistic Opening Following Fed Decision
Wall Street's major indexes experienced a rise after the Federal Reserve announced a quarter-point interest rate cut. Investor sentiment was also boosted by Nvidia's decision to invest in Intel, leading to gains in the Dow Jones, S&P 500, and Nasdaq Composite in early trading.
In a positive reaction to the Federal Reserve's interest rate decision, Wall Street's major indexes opened higher on Thursday. The central bank's move to cut rates by a quarter point invigorated market confidence.
Additionally, Nvidia's strategic decision to invest in Intel contributed to the uplift, with investors showing renewed interest in tech stocks.
The initial figures showed the Dow Jones Industrial Average gaining 38.2 points to open at 46,056.55, the S&P 500 increasing by 26.5 points to 6,626.85, and the Nasdaq Composite climbing by 177.8 points to 22,439.111.
(With inputs from agencies.)
- READ MORE ON:
- Wall Street
- indexes
- interest rate
- Federal Reserve
- Intel
- Nvidia
- Dow Jones
- S&P 500
- Nasdaq
- market
Advertisement
ALSO READ
Nasdaq and S&P 500 Surge Amid Fed Rate Cuts and Nvidia's Intel Investment
Wall Street Surges as Nvidia and Intel Strike Billion-Dollar Deal
Nvidia's $5 Billion Bet: A New Dawn for Intel
Nvidia's Bold $5 Billion Bet on Intel: A New Era for U.S. Chipmaking
Nvidia Boosts Intel with a $5 Billion Investment
Google News