Stocks Hit Record Highs as Fed Holds Rates Steady, Cuts Expected
- Dow Jones Industrial Average, S&P 500, and Nasdaq Composite closed at record highs
- Dow closed 400 points higher, up 1%
- S&P 500 rose 0.9%, back-to-back record closes
- Nasdaq rose 1.3%
- Fed kept interest rates steady and projected 3 rate cuts this year