Breaking: Stocks surged after Fed officials hinted they could lower rates if the economy slows amid escalating tariffs
U.S. stocks surged Tuesday, rebounding sharply from recent declines after Federal Reserve officials hinted the central bank could lower interest rates if the economy slows in response to escalating tariffs and economic uncertainty.
The Dow Jones Industrial Average advanced 511 points, or 2.1%, to 25331 as of 4 p.m. ET. The S&P 500 climbed 2.1%. The broad equity gauge has been sliding recently and ended Monday at its lowest level since March 8, 6.8% below its April 30 record. It was the best day for stocks since Jan 4,...
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