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Stock impact report

Dow, S&P 500 End At Records As Market Digests Fed Rate Cut [Barron's]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Barrons
The Dow Jones Industrial Average gained 1.3 percent to 42,025.19, its first close above 42,000. The S&P 500 also shot to an all-time, surging 1.7 percent to 5,713.64, while the tech-rich Nasdaq Composite Index jumped 2.5 percent to 18,013.98. "Lower rates are going to be unanimously good for markets," said Art Hogan of B. Riley Wealth Management. The Fed on Wednesday cut its key lending rate by half a percentage point, opting for the larger reduction after also weighing a quarter-point move. Stocks fluctuated in the final two hours of trading Wednesday after the Fed decision, with some analysts noting a bit of disappointment over Fed Chair Jerome Powell's guidance not to expect large rate cuts on a regular basis. But the market's response Thursday was unfettered bullishness, with all three indices in positive territory the entire day. "The upside moves reflect a belief that the economy is in good shape and the Fed will cut rates as needed to maintain a solid economic back Show less Read more
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