Reported about 6 hours ago
The Dow Jones Industrial Average and S&P 500 achieved new record highs driven by strong earnings from major banks as the earnings season commenced. The Dow rose nearly 1% while the S&P 500 closed above 5,800 for the first time. Investors are also analyzing the potential repercussions of Federal Reserve rate cuts on profits and lending margins, as well as the recent inflation data's implications for future monetary policy.
Source: YAHOO