A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, April 22, 2024, in Tokyo. A person stands in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, April 22, 2024, in Tokyo. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, April 22, 2024, in Tokyo.
The Dow Jones Industrial Average rose 0.6% to 37,986.40, and the Nasdaq composite fell 2% to 15,282.01. The larger threat was a dawning, dispiriting acknowledgement sweeping Wall Street that interest rates may likely stay high for longer.for a while. That’s a letdown for traders after the Fed had signaled earlier that three cuts to interest rates could be possible this year.
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