Signs of Fed rate cut: Dow Jones jumped 300 points

Ahmedabad: The US Federal Reserve kept interest rates unchanged at the end of the two-day meeting. But after the report indicated the possibility of a quarter percent cut in interest rates by the end of this year, the Dow Jones jumped 300 points in the early trading today due to a new rally in the US stock market.

After the two-day meeting of the Federal Reserve, the market became bullish on the expectation of cutting interest rates in America by the end of this year. According to the news received, the news of Swiss National Bank announcing a five percent cut in interest rates also had an impact on the market.

After these news, Dow Jones rose 300 points to 39820 in early trading today. While the Nasdaq index rose 123 points to 16492.