Thursday, September 19th, 2024Markets celebrated the Fed’s loosening of interest rates yesterday with a big swell in valuations across the board today. Investors had concerned themselves that a 50 basis-point (bps) move might be displaying a perceived economic downturn from the Fed, but with some time to reflect, this no longer seems to be the case.The Dow gained +522 points today, good for an increase of +1.26%. The S&P 500 grew +95 points, +1.70%, while the Nasdaq topped the field, up +440 points, +2.51%. ...