Stocks jump; dollar and yields fall after Fed rate-cut signal
Share:
NEW YORK (Reuters) - World stock markets gained on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting.The dollar weakened after the Fed, the U.S. central bank, on Wednesday indicated a marked shift in sentiment even as it left its benchmark rate unchanged for now.“We have obviously morphed into the Fed taking..