DowJones rallies after investors anticipate lower interest rate
June 6, 2019 | Investopaper
In an expectation that the Federal Reserve will probably lower the interest rate this year, investors showed their confidence in the US stock market.
This has pushed the market up by massive points this week as DJIA rose by 207.39 points this Wednesday following 500 points surge the previous day. Similarly, the S&P 500 grew by 0.8 percent.
Likewise, tech shares also gained 1.4 percent as Apple also rose by 1.6 percent.
The Federal Reserve is expected to lower the interest rate to bring a spark to the declining economy. The economy of the country has been hit by the on-going trade dispute with China, the second largest economy of the world.
