Wall Street indices rose en masse in Thursday's trading, in an attempt to compensate for the sharp losses witnessed by US stocks following the Federal Reserve's decision and its signal on slowing the pace of the rate cut.
The Dow Jones Industrial Average rose 0.45% (191 points) at 42,518 points, while the S&P 500 jumped 0.52% (30 points) at 5,902 points, and the Nasdaq 100 increased by 0.44% (85 points) at 19460 points.
This recovery comes after the Wall Street indicators ended Wednesday's session on sharp declines, as the Dow Jones fell by 1,123 points, surpassing the decline recorded on Black Monday, and is the largest since the March 16, 2020 decline.
However, the US indexes fell after the Monetary Policy Committee expected two additional cuts of a total of 50 basis points in 2025 instead of 3 previously expected cuts.
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