Reported 15 days ago
Major U.S. stock indexes rose on Wednesday, driven by strong quarterly results from Bank of America and Morgan Stanley, as well as a surge in semiconductor stocks led by Advanced Micro Devices following its chip sales deal with Oracle. The market was buoyed by expectations of future Federal Reserve rate cuts, with Bunge Global performing notably well in the S&P 500 due to favorable trade conditions. However, shares of Progressive, F5, and Abbott Laboratories fell amid rising costs and cyberattack concerns.
Source: YAHOO