U.S. stocks climb as Fed signals more cuts


NEW YORK, Sept. 18 (Xinhua) -- U.S. stocks advanced on Thursday, after the Federal Reserve resumed cutting interest rates and flagged additional reductions ahead, while Nvidia's plan to invest in Intel lifted sentiment in the technology sector.

The Dow Jones Industrial Average climbed 124.1 points, or 0.27 percent, to 46,142.42. The S&P 500 added 31.61 points, or 0.48 percent, to 6,631.96. The Nasdaq Composite Index increased by 209.4 points, or 0.94 percent, to 22,470.73. Each of the major indexes notched new all-time intraday highs, extending momentum from Wednesday's volatile post-Fed session.

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