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S&P 500, Nasdaq End At Record Highs After Fed Cuts Rates, Asia Surges; Steady Start On D-Street?

U.S. stocks closed largely higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president. The Dow Jones Industrial Average fell 0.59 point, or flat, to 43,729.34, the S&P 500 gained 44.06 points, or 0.74%, to 5,973.10 and the Nasdaq Composite gained 285.99 points, or 1.51%, to 19,269.46. Asian markets traded higher today tracking overnight rally on Wall Street fuelled by the US Federal Reserve interest rate cut of 25 basis points (bps). Japan’s Nikkei 225 rose 0.74%, while the Topix gained 0.49%. South Korea’s Kospi rallied nearly 1%, and the Kosdaq jumped 1.71%. Hong Kong’s Hang Seng index futures indicated a stronger opening. Gift Nifty was trading around 24,290 level, a discount of nearly 10 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices. #usfederalreserve #usfedmeeting #jeromepowell #usfedratecut #stockmarketupdates #sensex #nifty #dalalstreetaction #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday Read web story: https://www.cnbctv18.com/market/asian... 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf --------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹CNBC TV18 Budget 2024:    • Latest Updates & Developments on Budget   🔹CNBC TV18 Digital Podcast:    • I Did It My Way - CNBC TV18 Digital P...   🔹Sounding Board:    • Sounding Board | CNBC TV18   🔹International Videos:    • World News - CNBC-TV18   🔹CNBC TV18 Market Cafe:    • CNBC TV18 Market Cafe   🔹CNBC TV18 Digital:    • CNBC-TV18 Digital Videos   🔹CNBC TV18 Weekend Special:    • CNBC-TV18 Weekend Special   🔹CNBC TV18 Next-Gen:    • CNBCTV18 Next-Gen   🔹Overdrive Show:    • OVERDRIVE || CNBC TV18   🔹Young Turks:    • YOUNG TURKS - The Entrepreneurship Show   🔹Startup Streets:    • Startup Street   ------------------------------------------------------------------------------------ You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ Like us on Facebook:   / cnbctv18india   Follow us on Twitter:   / cnbctv18news   Follow us on Instagram:   / cnbctv18india   Catch us on: Linkedin:   / cnbc-tv18   n18oc_business About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.