Reported 6 months ago
US stocks fluctuated on Tuesday, ending slightly higher as investors weighed weaker-than-expected economic data against the possibility of rate cuts. The S&P 500 and Nasdaq Composite rose about 0.1%, while the Dow Jones Industrial Average went up around 0.4%. Recent weak manufacturing data has led to a decrease in economic growth optimism and increased expectations for rate cuts. The labor market update showed a decline in job openings, setting the stage for the pivotal May jobs report later in the week. Traders have adjusted rate cut expectations, with nearly two-thirds anticipating at least one cut by September's Fed meeting. GameStop's rally lost momentum after a 21% surge, and Ford saw a significant 11.2% rise in US sales driven by hybrids, trucks, and EVs.
Source: YAHOO