The Dow Jones Industrial Average (DJIA) pierced the 42,000 psychological level on Thursday as equities drove higher in a broad-market bull run after the Federal Reserve (Fed) finally delivered its first rate cut in over four years.
The Dow Jones broke above 42,000 to set a third straight all-time high on Thursday. Equities are firmly bullish after the Fed ’s long-awaited rate cut this week. The Fed ’s jumbo 50 bps on Wednesday has paved the way for further cuts this year. The Dow Jones Industrial Average pierced the 42,000 psychological level on Thursday as equities drove higher in a broad-market bull run after the Fed eral Reserve finally delivered its first rate cut in over four years.
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