Stocks, Bonds Rally as Federal Reserve Cuts Rates: Markets Wrap [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Yahoo! Finance
Most Read from Bloomberg Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration Paris Restricts Through Traffic in City Center From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks for a second day. An index of global stocks also advanced to a record. Treasuries rallied sharply on Thursday, paring declines from the prior day as the Fed cut rates 25 basis points as expected. The 10-year yield fell 11 basis points in a sign investors may be recalibrating initial fears of inflation under a Donald Trump administration. Australian and New Zealand yields fell early, echoing Treasuries. The moves across asset classes were helped along by comments from Jerome Powell who pointed to the strength of the US econ
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