While shares saw a somewhat muted reaction, analysts saw plenty of reason to cheer.
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This week’s aggressive Fed rate cut could provide some breathing space for distressed companies, notes one bankruptcy attorney.
High-yield bond ETF rallies after Fed rate cut as ‘free ride’ in cash ends
Investors are mulling strategies beyond cash on expectations that interest rates will continue to fall after the Fed’s big rate...
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Dow surges to record as investors celebrate Fed’s ‘recalibration’ rate cut
Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.
Fed is more worried about labor market than Powell let on, William Dudley says
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FedEx stock falls as company narrows its full-year forecast
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.