Reported 4 months ago
US stocks showed mixed performance on Tuesday, with the S&P 500 and Nasdaq rising 0.1% and the Dow Jones up 0.4% after fluctuating amid shifts in rate-cut expectations due to weaker economic data. Recent reports of falling job openings and uncertainty over interest rates have led to updated rate-cut forecasts, with traders now expecting potential Fed cuts by September. The GameStop rally slowed down after a 21% jump, while other companies like Ford saw growth. Oil prices fell on manufacturing data concerns, and Super Micro showed strong demand for its products. Overall, the markets are cautiously navigating economic indicators and rate uncertainty.
Source: YAHOO