Reported about 2 months ago
US stocks rebounded on Wednesday, led by gains in the S&P 500 and Nasdaq, after Federal Reserve minutes indicated a potential interest rate cut in September if inflation continues to decrease. The S&P 500 rose approximately 0.4%, and the Nasdaq climbed nearly 0.6%. Key earnings reports from Target and Macy's influenced investor sentiment, with Target shares soaring over 11% due to strong performance, while Macy's saw a decline of nearly 13%. Meanwhile, revisions to employment data revealed a downward trend in job growth, further shaping expectations around Fed policy.
Source: YAHOO