Dow Jones Closes at Fresh Record After Fed-Fueled Winning Week

Constellation Energy and FedEx take center stage on Wall Street.
Dow Jones Closes at Fresh Record After Fed-Fueled Winning Week
US Federal Reserve chairman Jerome Powell holds a press conference in Washington, DC, on September 18, 2024. Mandel NGAN / AFP
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U.S. stocks ended the Sept. 20 session mixed but registered notable gains for the week, fueled by the Federal Reserve initiating the easing cycle with a significant interest rate cut.

The blue-chip Dow Jones Industrial Average picked up 38.17 points, or 0.09 percent, to close the Sept. 20 trading session at 42,063.36, a new all-time high. The 30-stock index posted a weekly boost of 1.62 percent, lifting its year-to-date gain to nearly 12 percent.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."