Posted 3/21/2024, 11:34:48 AM
Stocks Rally to New Highs As Fed Signals Rate Cuts; Reddit IPO, CEO Interview In Focus
- Investors look to continue yesterday’s win streak with all major indices ending at new closing highs
- Rally came after Fed kept rates steady but noted it expects to cut rates 3 times this year
- Wall Street braces for public debut of Reddit (RDDT) which begins trading on NYSE after $6.5B IPO
- Yahoo Finance will interview Reddit CEO Steve Huffman at 11am ET
- Key guests include market strategists and former Kansas City Fed president