Reported 6 months ago
Stocks closed last week with mixed results amid ongoing debate about potential interest rate cuts by the Federal Reserve, with the Nasdaq Composite rising over 1% while the S&P 500 remained flat and the Dow Jones fell over 2%. The upcoming week includes key economic data like the Fed's preferred inflation gauge, a second update on first-quarter economic growth, and earnings reports from companies like Salesforce, Costco, Dollar General, and Best Buy. The debate around the Fed's rate-cutting timeline and inflation trajectory continues to influence market sentiment, with expectations shifting towards fewer rate cuts for the year and uncertainty over the timing of the first cut likely in September.
Source: YAHOO