From Yahoo Finance, December 13, 2023:
Stocks soared in reaction to the Federal Reserve's latest policy update that included projections for one more interest rate cut than initially expected in 2024.
The benchmark S&P 500 (^GSPC) the Dow Jones Industrial Average (^DJI), and the tech-heavy Nasdaq Composite (^IXIC) all rose about 1.3% in the wake of the decision. The Dow rose nearly 500 points, breaching 37,000 and hitting its highest close ever.
After lagging for much of 2023, the Dow has now risen more than 8% over the last month.
Meanwhile, Treasury yields fell on Wednesday. The 10-year Treasury yield (^TNX) fell 17 basis points to just above 4%, its lowest level since August....
....MUCH MORE
