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.
The tech-heavy Nasdaq Composite Index slipped 65.66 points, or 0.36 percent, to 17,948.32. The Nasdaq enjoyed a weekly gain of 1.49 percent and has rallied close to 20 percent this year.
The S&P 500 dipped 11.09 points, or 0.19 percent, to 5,702.55. It posted a weekly jump of 1.36 percent and has climbed about 20 percent in 2024….