Read a roundup of this week's major events, including the Federal Reserve's bumper 50 basis point rate cut and the S&P 500's (SP500) historic milestone.
A record-setting week for Wall Street closed on a quieter note Friday, as US stocks drifted around the highs they hit during a worldwide rally the ...
Stocks got a boost as the Federal Reserve cut interest rates. However, the 50-basis point (0.5%) cut was larger than many analysts expected. That puts the focus on the future pace of rate cuts.