Stocks Surge to Records as Fed Signals Steady Rate Outlook
-
Dow Jones and other major indexes hit record highs as markets reacted positively to Fed's steady outlook for 3 rate cuts in 2024.
-
Micron Technology stock surged 18% in after-hours trading following strong earnings results and bullish guidance.
-
Several stocks flashed buy signals, including Arista Networks, DraftKings, PVH Corp, JFrog, and Royal Caribbean.
-
Microsoft stock edged up ahead of its AI event on Thursday, while Apple faces antitrust lawsuit from Justice Department.
-
Fed chief Powell said rate cuts should start "at some point" in 2024 but gave few specifics, as central bank adopts wait-and-see approach amid sticky inflation.