What’s fueling this week’s record-breaking stock rally ...Middle East

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By Krystal Hur, CNN New York (CNN) — The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Last week, the S&P 500 and Dow surged to new highs after the Fed said it is cutting interest rates by half a point, marking a pivot from the aggressive hiking cycle that brought rates to a 23-year high. CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, is at a “greed” reading. Strong economic data this week has kept the party going. The S&P 500 on Thursday marked its 42nd record high close in 2024, while the Dow marked

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Last updated : 27 September 2024 clock 07:36 PM

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What’s fueling this week’s record-breaking stock rally ...Middle East

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