US Stocks Surge as Fed Rate Cut Fuels Optimism: Implications for Bitcoin (BTC) and Crypto Market
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- US stock indices advanced on Tuesday, bolstered by expectations of the Federal Reserve easing monetary policy this year.
- The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw gains in the early trading hours.
- Notable stock movements included a drop for Walt Disney Co. and Nvidia, while Apple and Kenvue saw increases.
US stock indices see gains amid expectations of Federal Reserve policy easing. Notable stock movements include Walt Disney Co., Nvidia, Apple, and Kenvue.
US Stock Indices Advance
On Tuesday, US stock indices saw an upward trend, buoyed by expectations that the Federal Reserve will ease monetary policy this year. At 09:46 a.m. ET, the Dow Jones Industrial Average rose 60.27 points, or 0.16 per cent, to 38,912.54, the S&P 500 gained 8.89 points, or 0.17 per cent, to 5,189.63 and the Nasdaq Composite gained 20.85 points, or 0.13 per cent, to 16,370.09.