Reported about 2 months ago
US stocks saw a slight uptick as the S&P 500 and Nasdaq Composite rose by approximately 0.2% ahead of the Federal Reserve's minutes release and upcoming employment data expected to influence interest rate decisions. Notable earnings reports from retailers Target and Macy's had mixed impacts on investor sentiment, with Target's strong performance leading to a sharp rise in its shares while Macy's faced a decline. Market participants remain cautious in anticipation of potential rate cuts, particularly after Jerome Powell's upcoming speech at the Jackson Hole symposium.
Source: YAHOO