Stock Market News, Nov. 7, 2024: Nasdaq, S&P Gain as Fed Cuts Interest Rates by a Quarter Point – The Wall Street Journal

In the latest Stock Market News on November 7, 2024, the Nasdaq and S&P both saw gains as the Federal Reserve decided to cut interest rates by a quarter point. This move by the Fed had a positive impact on the stock market, with investors reacting favorably to the news. The Nasdaq and S&P indexes both showed an increase following the announcement. The decision to lower interest rates indicates the Fed’s efforts to stimulate economic growth and boost market confidence. Overall, the stock market responded positively to this development, with investors optimistic about the future.