Election Rally Going, Nasdaq Hits New Record as Fed Cuts Rates
Election Rally Going, Nasdaq Hits New Record as Fed Cuts Rates
Stocks rose on Thursday, continuing the post-election rally.
S&P 500 gained 0.8%.
Nasdaq Composite advanced 1.5%, reaching a new record high.
Dow Jones increased by 74 points (about 0.2%).
All three major indices hit intraday record highs during the session.
Rally fueled by a decisive election result and the latest rate cut from the Federal Reserve.
