Dow, S&P 500 post record closes
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The U.S. stock market took off at the back half of the day, bolstered by banking and related financial stocks that soared in an apparent deregulatory push by Washington. The S&P 500 rose 0.2%, the Dow jumped 646 points,
US stock futures climbed as Wall Street diversified out of AI tech stocks, as bubble fears dominate sentiment.
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Dow, S&P 500 end at records because investors feel good about the economy — beyond the AI boom
Investors were moving away from tech stocks, and using that money to push other parts of the market to new records
The Dow and S&P 500 finished at fresh records on Thursday while a big drop in Oracle shares dragged the Nasdaq
Contracts on the S&P 500 and Nasdaq 100 dropped 0.8% and 1.2%, respectively, while Dow Jones Industrial Average futures, which have fewer tech
Follow all the latest U.S. market action for Wednesday here to see if the Federal Reserve can ignite an end-of-year stock rally.
Wall Street's major averages advanced on Wednesday as the Federal Reserve announced its decision to cut interest rates by 25 basis points while three FOMC members dissenting for the first time since 2019.
US stock futures inched higher on Monday as the Dow hovered near 47,997, the S&P 500 hit 6,887, and the Nasdaq reached 25,789, with markets pricing an 88% chance of a Fed rate cut this week. Traders awaited Powells signal,