Reported 1 day ago
The U.S. stock market showed a slight recovery as the Dow Jones Industrial Average broke its longest losing streak in 50 years, closing slightly higher after 10 days of losses. This uptick occurred despite a hawkish outlook from the Federal Reserve regarding interest rate cuts, which influenced a mixed performance among major indices. The S&P 500 and Nasdaq both experienced minor declines, while economic reports indicated a stronger-than-expected 3.1% growth in Q3 GDP and a decrease in jobless claims. Investors remain cautious as the Fed's reactions to inflation and economic data lead to increased market uncertainty.
Source: YAHOO