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US stocks surged on Friday with the Dow Jones rising 426 points amid risk-on trade momentum. Bitcoin neared $100,000, driving speculative asset interest alongside stock market gains.
The tech-heavy Nasdaq Composite fell 1.58% while the S&P 500 lost 1.12%. The Dow Jones shed 333 points to end the day.
The Dow Jones Industrial Average gained 15 points, ending barely higher after losing more than 1,100 points on Wednesday. The index, however, managed to break its longest losing streak in 50 years.
Stock market today: Dow surges 462 points as stocks rally after jumbo Fed rate cut. Kelly Cloonan. September 19, 2024 at 6:51 AM ... Dow Jones Industrial Average: 41,965.94, up 1.12% (+462.84 points)
The Dow Jones Industrial Average jumped by almost 500 points, and the S&P 500, while the Nasdaq traded nearly flat as several mega-cap tech names struggled throughout the day.
The Dow Jones Industrial Average daily closing value plotted on a log-10 scale. Despite the emerging COVID-19 pandemic, the Dow continued its bull run from the previous decade before peaking at 29,551.42 on February 12, 2020 (29,568.57 intraday on the same day).
"With today's action, we have lowered our policy rate by a full percentage point from its peak, and our policy stance is now significantly less restrictive. ... Dow Jones Industrial Average ...
Some sources (including the file Highlights/Lowlights of The Dow on the Dow Jones website) show a loss of −24.39% (from 71.42 to 54.00) on December 12, 1914, placing that day atop the list of largest percentage losses.
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