S&P 500 and Nasdaq Hit Record Highs; Deckers Gains on Strong UGG Sales

Reported about 21 hours ago

The S&P 500 and Nasdaq both achieved record closing highs on Friday, buoyed by optimism over a potential U.S.-EU trade deal as President Trump and European Commission President Ursula von der Leyen prepare to meet. Deckers Outdoor saw an 11% surge in its stock price following impressive earnings driven by strong international demand for UGG boots and Hoka sneakers. Meanwhile, Intel's shares fell 8.5% on disappointing forecasts. Overall, investors are focused on the upcoming Federal Reserve meeting, with speculation over potential interest rate cuts.

Source: YAHOO

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