Janice R. Andrews
The Nasdaq Composite (IXIC) and S&P 500 (GSPC) achieved new record highs on Thursday following the Federal Reserve’s decision to reduce interest rates by 25 basis points during its November meeting. This move is designed to stimulate the U.S. economy amidst varying global economic conditions.
Jared Blikre, Yahoo Finance’s markets editor, highlighted the sectors that have seen significant gains from the post-election rally, which is largely attributed to former President Donald Trump’s reelection. Attention was also given to Treasury yields (^TYX, ^TNX, ^FVX) and the U.S. dollar (DX-Y.NYB), which has been strengthening against other major currencies. Experts believe that the Fed’s interest rate reduction could offer temporary market relief, boosting investor confidence and benefiting growth stocks.
