US: Wall St surges at open after Fed kicks off easing cycle

Wall Street’s main indexes jumped at the open on Thursday (Sep 19), with the S&P 500 notching an intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon.

The Dow Jones Industrial Average rose 469.5 points, or 1.13 per cent, at the open to 41,972.56.

The S&P 500 rose 84.4 points, or 1.50 per cent, at the open to 5,702.63​, while the Nasdaq Composite rose 407.6 points, or 2.32 per cent, to 17,980.891 at the opening bell. REUTERS