Reported about 1 year ago
US stocks closed on Friday with mixed results, but for the week, they showed gains despite the artificial intelligence trade facing challenges. The Dow Jones led with a 1.5% increase, while the S&P 500 and Nasdaq 100 rose around 0.5%. There are calls for a July interest rate cut as recession risks increase, with Nvidia and other AI-related stocks experiencing declines. Economists are closely monitoring economic data, with expectations of a potential interest rate cut to prevent recession, as US indexes closed slightly lower on Friday.
Source: YAHOO