Stocks Rally After Fed Signals Future Rate Cuts; Dow Hits Record High
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Dow Jones futures rose modestly early Thursday after the Fed forecast 3 rate cuts in 2024; Adobe fell on weak guidance.
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The stock market rally surged Wednesday, with the Dow hitting a record high, after the Fed's dovish rate outlook.
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Netflix, Freshworks triggered buy signals Wednesday; Nvidia, Datadog, Arm Holdings are acting well near buy points.
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The 10-year Treasury yield plunged to below 4% while oil prices rebounded.
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Tesla bounced back from undercutting its 50-day line; disclosed Model 3s will fully lose EV tax credit.