Reported 11 months 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