Reported 10 days ago
Stocks closed strong for the week amid a positive inflation report that reassured investors about potential Federal Reserve interest rate cuts. The Dow Jones Industrial Average hit a new record with a 0.3% gain, while the S&P 500 and Nasdaq faced slight declines despite overall weekly growth. Market confidence has risen following favorable economic indicators, including a solid GDP reading and easing inflation pressures, with expectations growing for a possible jumbo rate cut in the coming months.
Source: YAHOO