Reported 7 months ago
In the US stock market, most indices are showing gains as inflation data hints at potential interest rate cuts by the Federal Reserve. The S&P 500 rose by 0.6%, marking a potential end to its two-day losing streak. Meanwhile, Asian markets exhibited mixed performances, with Hong Kong's Hang Seng declining 0.8% amid policy discussions in China, while South Korea’s Kospi increased by 1% following political stability. Notable moves included Stitch Fix’s shares jumping 25.5% after better-than-expected earnings, while Macy's fell 8.7% due to revised financial forecasts.
Source: YAHOO