Reported 7 days ago
Following a record high last week, US stocks are responding positively to the Federal Reserve's first interest rate cut in four years, while Fed Chair Jerome Powell is set to discuss future monetary policy. However, Stellantis shares have fallen sharply after the company lowered its financial outlook due to heightened competition. Meanwhile, port workers on the East and Gulf Coasts are preparing for a potential strike, marking the first in nearly five decades as negotiations break down.
Source: YAHOO