Money Matters: Stocks closed mixed Thursday; one day after Federal Reserve announces another interest rate cut
US stocks closed mixed Thursday, with the Dow ending the day in the red.
On Wednesday, the Federal Reserve announced another interest rate cut-- the second time rates have been slashed in one month.
You can expect an interest rate drop in major purchases such as home mortgages, or automobiles, by the end of the year.
The Dow Jones Industrial dropped by more than 55 points Thursday, but both the NASDAQ and S&P ended the day in the green, up by 5 and .06 points, respectively.