Dow on Steroids: Amped U.S. Stocks Open Sharply as Fed Prepares Rate Cut

By: Sam Bourgi
CCN


The Dow and broader U.S. stock market surged on Thursday, as traders doubled down on their bets that the Federal Reserve will lower interest rates following next month’s policy meeting.

Dow Extends Rally; SP 500, Nasdaq Follow

All of Wall Street’s major indexes opened sharply higher on Thursday, mirroring a strong pre-market for Dow futures.

The Dow Jones Industrial Average spiked 215.31 points, or 0.8%, to 25,719.31.

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