Posted 12/13/2023, 9:50:51 PM
Stocks Surge to New Highs as Fed Signals Pivot on Interest Rates
- Dow Jones Industrial Average hit a new record high on Wednesday, surpassing 37,000
- S&P 500 is getting close to its own record high close from January 2022
- Stock rally follows Federal Reserve signaling it is likely done raising interest rates and may cut rates in 2024
- Higher stock prices boost investors' 401(k) retirement accounts and signal a healthy economy
- Experts predict the bull market will continue into 2024 with more stock market gains