Reported 16 days ago
U.S. stocks showed modest gains on Wednesday amid hopes for interest rate cuts and positive earnings reports from major banks, despite ongoing tensions with China. The S&P 500 rose by 0.4% and the Nasdaq gained 0.7%, with Bank of America reporting a 23% profit increase, signaling strong banking performance. Federal Reserve Chair Jerome Powell's comments about potential rate cuts also bolstered investor sentiment. However, trade tensions remained a concern, particularly amid proposed sanctions and the looming government shutdown.
Source: YAHOO