HomeStock Market This Week: Fed Cuts Rates 50BPS, MSFT & BLK A.I. Fund, AAPL Launches iPhone 16

Stock Market This Week: Fed Cuts Rates 50BPS, MSFT & BLK A.I. Fund, AAPL Launches iPhone 16

Friday's closing bell marks the end to a historic week on Wall Street. The SPX and $DJI climbed to new all-time highs after the Fed voted 11-1 to slash rates by 50BPS, its first cut since March 2020. Meanwhile, Microsoft (MSFT) and Blackrock (BLK) shared their plan to create an A.I. Fund, while Apple (AAPL) made several headlines up to the launch of its iPhone 16. Diane King Hall has this week's top stories.

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23 Sep 2024

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