Originally published on June 5, 2019
By Ansh Chaudhary
The Dow rallied over 500 points on Tuesday (6/4) and has continued that rally as of Wednesday morning. This comes after Federal Reserve Chairman Jerome Powell announced the Fed would "act as appropriate to sustain the expansion," indicating the possibility of a rate cut, CNBC reports. Rate cuts in securities like Treasurys make stocks more attractive to investors. However, a rate cut also indicates signs of diminishing confidence in the economy.
Stock prices have been rallying with a few bumps throughout the past year. May