Reported 26 days ago
U.S. stocks experienced significant gains on Friday, concluding a strong week fueled by rising anticipation of a substantial interest rate cut by the Federal Reserve. The S&P 500 rose 0.5%, the Nasdaq climbed 0.7%, and the Dow Jones increased by 0.5%. Weekly totals showed the Nasdaq's best performance yet with over a 5% gain, while the S&P and Dow rose by 4% and 2%, respectively. Market optimism for a half-point rate cut next week intensified following reports suggesting a close call in the Fed's decision on September 18.
Source: YAHOO