Reported 2 months ago
On Thursday, US stocks began to rally, driven by strong earnings from Meta, which saw its shares rise over 8%. The S&P 500 and Nasdaq both gained around 0.4% following comments from Federal Reserve Chair Jerome Powell suggesting a potential interest rate cut in September. Meanwhile, jobless claims reached an 11-month high, indicating a cooling labor market ahead of the upcoming July jobs report.
Source: YAHOO