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Senate Democrats Block Funding Bill Again, Demand Health Care Action

For the tenth time in just over two weeks, Senate Democrats have rejected a Republican-backed stopgap spending bill, prolonging a government shutdown now stretching into its third week. The vote, which failed 51–45, fell short of the 60 votes needed to advance under Senate filibuster rules. Democrats remain firm in their stance that any funding deal must include provisions to extend health care benefits, particularly subsidies under the Affordable Care Act that are set to expire at the end of the year. Senate leaders argue that without these protections, millions of Americans could face higher costs or lose coverage altogether. Meanwhile, the shutdown has left hundreds of thousands of federal workers furloughed or working without pay, with ripple effects across the country. Flight delays, suspended services, and uncertainty over Social Security and other benefits have added to public frustration. Republicans, led by Senate Majority Leader John Thune, have urged Democrats to separat...
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Stock Market Today: Record Highs as Fed Signals Delay in Rate Cuts



Investors rejoiced today as Wall Street surged to new heights, building upon a record-setting rally. The Federal Reserve’s recent signals of delaying but not slowing down rate cuts fueled the market’s optimism.

Key Highlights:

  1. Fed’s Decision: The Federal Reserve announced its decision to keep interest rates steady, but with a twist. It expects to cut rates three times this year, providing a boost to investor confidence.

  2. Reddit’s IPO: Social media giant Reddit (RDDT) made its public debut on the New York Stock Exchange (NYSE) today. Priced at $34 per share, the company is now valued at nearly $6.5 billion.

  3. Market Rally: All three major indices – the Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (GSPC) – closed at new highs. The S&P 500 surpassed the 5,200 level, while the tech-heavy Nasdaq Composite moved up 0.9%.

  4. Inflation Concerns: Despite sticky inflation data, the Fed maintained its outlook for three rate cuts in 2024. Policymakers remain committed to their easing strategy.

  5. Gold Soars: Gold prices (GC=F) jumped to a record above $2,200 an ounce, reflecting investors’ confidence in the Fed’s approach.

  6. AI Growth and Beyond: While AI growth continues to boost tech stocks, other market drivers are likely to come into focus in the coming weeks.

  7. Swiss National Bank’s Move: The Swiss National Bank surprised markets by lowering interest rates, signaling confidence that tightening has peaked in leading economies.

With the next Fed policy meeting scheduled for May, investors will closely monitor economic indicators and corporate developments. As Reddit joins the NYSE, and Micron (MU) shares surge, the market remains dynamic and full of opportunities.

Stay tuned for more updates as the stock market continues its upward trajectory.


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