U.S. Stocks Rally As Fed Cuts Interest Rates
Investors took Fed Chair Jerome Powell’s comments as more dovish than expected, raising hopes for more rate cuts next year. Plus: EchoStar shares surged after striking a deal with SpaceX. And stock in Amazon advanced after it announced plans to invest $35 billion in India. Danny Lewis hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Investors took Fed Chair Jerome Powell’s comments as more dovish than expected, raising hopes for more rate cuts next year. Plus: EchoStar shares surged after striking a deal with SpaceX. And stock in Amazon advanced after it announced plans to invest $35 billion in India. Danny Lewis hosts.
Sign up for WSJ’s free What’s News newsletter.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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