Stock movers after Fed rate cut: Tesla, Salesforce, Darden Restaurants, and more
The stock market is trading significantly higher midday following the Fed's 50 basis point rate cut. The S&P 500 is up 1.97%, the tech-heavy Nasdaq Composite jumped 2.92%, the Dow Jones Industrial Average increased by 1.48%, and the Russell 2000 Index added 2.15%.