Stocks Reach Record Highs 💵

September 19, 2024

Good Evening 🇺🇸,

What happened today,

Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut

The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.

www.nytimes.com/2024/09/19/business/stock-market-federal-reserve.html

  • Stock Market has huge day after rate cut announcement- DOW up 522.09 points/S&P up 95.38 points

  • Mortgage rates fall to lowest levels since February 2023

  • Nike to replace CEO John Donahue with company veteran Elliott Hill

  • Kentucky Highway shooter, Joseph Couch, believed to have been found dead in the woods

  • U.S. weekly jobless claims unexpectedly fell to a four month low

  • A man from Alaska was arrested for threatening to kill 6 Supreme Court Justices

  • The FBI said Iranian hackers sent stolen Trump campaign information to members of the Biden Campaign in an election interference bid

  • The House of Representatives passed a bill to deport illegal immigrants convicted of sex offenses

Plus: A wild graph showing net immigration to the U.S. from the WSJ

Quote of the day: "You may have to fight a battle more than once to win it." — Margaret Thatcher

Have a great night!

P.S. Email me at [email protected] for more info on any news points in the letter!