A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. (Dec. 13) (AP Video/Robert Bumsted)

AP Explains: Dow hits record, stocks rally as Fed signals interest rate cuts in 2024

A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. (Dec. 13) (AP Video/Robert Bumsted)