HomeMarketsU.S. EconomyStock Market Today: Fed Cuts 25BPS, APP Rallies to All-Time High, DKNG Falls

Stock Market Today: Fed Cuts 25BPS, APP Rallies to All-Time High, DKNG Falls

The NDX and SPX closed up after the Fed issued a 25BPS rate cut. One of the biggest beneficiaries of the trading day was AppLovin (APP), which rallied 46% to a new all-time high. DraftKings (DKNG) fell after hours despite climbing higher before the closing bell. Diane King Hall looks into the day's biggest headlines.

07 Nov 2024

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