The stock market closed mostly higher Thursday but trimmed some gains in afternoon trading after the Federal Reserve cut interest rates by a quarter point, as expected. The Dow Jones Industrial Average ended flat. The Fed did what everyone expected: It lowered the fed funds rate by 25 basis points to a range of 4.50% to 4.75%. Read More...
The stock market closed mostly higher Thursday but trimmed some gains in afternoon trading after the Federal Reserve cut interest rates by a quarter point, as expected. The Dow Jones Industrial Average ended flat. The Fed did what everyone expected: It lowered the fed funds rate by 25 basis points to a range of 4.50% to 4.75%.
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