Reported about 2 months ago
U.S. stocks have bounced back amid renewed hopes for a 'soft landing' for the economy after encouraging economic data eased recession fears. The S&P 500 has recovered over 6% since a significant sell-off earlier this month, driven by positive reports on retail sales, inflation, and producer prices. Investors are adjusting their expectations regarding potential Federal Reserve rate cuts while awaiting more clarity from Fed Chair Jerome Powell's upcoming speech. Analysts remain optimistic, predicting continued support for sectors like artificial intelligence as the market rallies.
Source: YAHOO