Dow Jones charges above 36,800 on Fed shift

The US stock markets loved this unexpected Fed shift in its policy plot and the bringing forward of the timing of the first rate cut next year. That has provided the perfect excuse for stocks to charge higher, but in truth the US stock markets did not need too much of an excuse to press on again. So, the Dow Jones has now jumped above 36,800 and that means it is within even closer striking distance of reaching its 2022 all time high at 36,952. The index has just now catapulted to a new 2023 high at 36,819. It has just stalled there for now and probably because the market does not want to get too ahead of itself in case the Fed boss walks back on that, when he addresses the press shortly, at 7.30pm GMT. The Dow Jones is just now trading at 36,812