Dow finishes week in record territory following Fed's interest rate cut

Sept. 20 (UPI) -- Spurred on by the Federal Reserve Board's half-point cut in interest rates, the stock market closed out a buoyant week on Friday with the Dow Jones Industrial Average ending in record-high territory.

The Dow closed the week at 42,063.36, an all-time high, after squeezing out a 38-point gain on Friday. For the week, the Dow rose by 1.62% as investors digested the Fed's first rate cut since 2020, which was issued on Wednesday.

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