Reported 12 months ago
US stocks were mixed on Wednesday ahead of a shortened trading day, with the S&P 500 rising after a record close. The tech-heavy Nasdaq Composite also edged higher, while the Dow Jones Industrial Average reversed earlier gains. Investors are eyeing fresh economic data for hints on potential rate cuts, particularly after weak reports on the contraction of the US services sector and slowing job creation, leading traders to price in a 73% likelihood of a rate cut in September. Additionally, Tesla's positive delivery results led to a stock rally.
Source: YAHOO