đ Wall Street is on fire! The Fed's historic 50-basis-point rate cut has sent the S&P 500 and Dow Jones to record highs. đ
- S&P 500: 5,700 points (+1.4%)
- Dow Jones: 42,000 points (+1%)
- Nasdaq 100: +1.5%
- Russell 2000: +2%
The "Magnificent 7" (MSFT, AAPL, NVDA, GOOG, AMZN, META, TSLA) added a whopping $400B, with gains from 1.5% to 4.5%!
Strong labor market data is easing slowdown fears, and analysts are now betting on more rate cuts.
Top S&P 500 performers: DRI (+7.46%), ABNB (+5.27%), CDNS (+4.40%).
Top Dow performers: AAPL (+3.02%), CRM (+3.01%).
What do you think? Will this rally continue? Drop your thoughts below! đŹ #StockMarket #Economy #Investing