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The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to 4.5%-4.75%, its lowest since February 2023. The Fed’s statement acknowledged solid economic growth and easing inflation but omitted prior language on confidence in reaching the 2% inflation target.
On Thursday, the Dow Jones Industrial Average was flat at 43,729.34 and the S&P 500 rose 0.7% to 5,973.10 while the Nasdaq spiked 1.5% to 19,269.46.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Rivian Automotive (NASDAQ:RIVN) closed the day with a 3.35% gain at $10.04. The stock’s intraday high and low were $10.24 and $9.81, respectively, with a 52-week range of $24.61 to $8.26. Rivian reported third-quarter revenue of $874 million, missing the Street ...
