Dec 19, 2024
U.S. stocks are stabilizing Thursday following one of their worst days of the year.The S&P 500 rose 0.4% in morning trading, a day after tumbling 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The Dow Jones Industrial Average was up 194 points, or 0.5%, as of 10:05 a.m. Eastern time, following Wednesday’s drop of more than 1,100 points. The Nasdaq composite rose 0.5%.
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