Author: wealthrichadmin
Stocks jump following larger-than-expected Fed rate cut β but labor market concerns linger
Stocks surged to open Thursday trading in the wake of the Federal Reserveβs announcement that it was lowering interest rates by half a percentage point. The Dow Jones Industrial Average was up nearly 400 points, or about 1%. The S&P 500 was up 1.6%. The tech-heavy Nasdaq was up more than 2.5%. The Fedβs cut…