Reported 9 months ago
US stocks showed mixed performance on Wednesday, with the S&P 500 and Nasdaq bouncing back from a three-day decline. While the S&P 500 and Dow Jones dropped marginally, the Nasdaq Composite rose slightly. Investors are monitoring the tech-driven rally and contemplating rate cuts. Meanwhile, Treasury yields ticked up slightly, and the market is waiting for economic data releases, including the PCE inflation report. Rivian shares surged after announcing a partnership with Volkswagen, and FedEx stock jumped on strong profit forecasts. Additionally, new home sales hit a six-month low due to high mortgage rates, impacting sales and prices in the housing market.
Source: YAHOO