Fed Rate Cut Fuels Global Market Rally, Dow and S&P 500 Hit Record Highs 9/19/24
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding Thursday's global stock market rally, sparked by the Fed's 50 basis point rate cut. The Dow and S&P hit record highs, while tech fueled Nasdaq's more than 2% surge. The anchors explored which stocks and sectors are most likely to sustain upward momentum in light of the Fed's easing. Also in focus: T-Mobile CEO Mike Sievert's bullish message to Cramer about the iPhone 16, the EU's latest warning to Apple, a sneak peek at David's "CNBC Leaders" Thursday night special with Apollo Global CEO Marc Rowan, Darden jumps despite an earnings miss, UBS' note on Tesla's robotaxi.
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