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Stocks rally on Fed interest rate cut hopes as 'jobless expansion' takes hold
Yahoo Finance·2025-09-16 20:19

The S&P 500 closed at 6,615 on Monday, yet another record high, as investors bet the Federal Reserve is about to start cutting interest rates . The rally has Wall Street racing to catch up, with analysts hiking their year-end forecasts. Some stock market bulls now see the index breaking 7,000 before December. That would mean a roughly 6% rise over the next 76 days, and on the face of it, that’s not exactly a feverish climb. But considering the market is already sitting at record highs, a 6% move higher is ...