The Federal Reserve Cuts Interest Rate by a Quarter-Percentage-Point, Signals 2 More Before the End of the Year

The S&P 500 Index ($SPX) (SPY) today is up -0.17%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%.  In a move that was largely anticipated by Wall Street, the Federal Reserve approved a quarter-percentage-point rate cut on Wednesday. The Fed indicated that two additional rate cuts would be implemented before the year's end, as concerns over the U.S. labor market grew. Join 200K+ Subscribers: Find out why the midday Barchart Brief newslette ...