Reported about 2 months ago
US stocks are expected to rise as investors anticipate potential interest rate cuts by the Federal Reserve in September, influenced by insights from recent Fed meeting minutes. S&P 500 and Nasdaq futures showed a modest increase, and market sentiment is buoyed by expectations of a possible 0.5% reduction in rates. Major corporate movements include a rise in Paramount shares related to a takeover bid and a drop in Snowflake’s stock after disappointing sales forecasts.
Source: YAHOO