Reported about 18 hours ago
Wall Street experienced a robust rally as expectations grow for a cut in interest rates by the Federal Reserve next week, influenced by mixed U.S. economic data. The S&P 500 and Dow Jones Industrial Average both reached all-time highs, while reports indicated a rise in unemployment benefit applications, signaling potential challenges in the job market. Investors are hopeful for a measured economic slowdown that prompts rate cuts without triggering a recession, even as inflation persists above desirable levels.
Source: YAHOO