US equities rallied on Thursday after the Federal Reserves 50 basis point rate cut. The major averages pulled back off their best levels late in the trading session but remained firmly positive. The Dow jumped 522.09 points or 1.3 percent to 42,025.19, the Nasdaq soared 440.68 points or 2.5 percent to 18,013.96 and the S&P 500 surged 95.38 points or 1.7 percent to 5,713.64. Read The Rest at :
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