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	Podcast:		Power Lunch
	Episode:		Dow Tops 42,000 After Big Fed Rate Cut 9/19/24
	Category:		Business
	Duration:		00:40:40
	Publish Date:		2024-09-19 19:06:43
	Description:		Stocks are surging as traders digest the Fed’s decision to lower interest rates by a half percentage point. The Dow and S&P 500 both advanced to new intraday highs, while the Nasdaq surged nearly 3%. Traders also got further validation that the Fed was engineering a “soft landing” for the economy as weekly jobless claims fell by 12,000 to 219,000, which was far below estimates. We’ll cover the market action from all angles.
	Total Play:		0