Reported about 2 months ago
US stocks saw gains on Wednesday, with the S&P 500 and Nasdaq Composite climbing ahead of the Federal Reserve's upcoming meeting minutes. The optimistic sentiment comes from reports indicating that many Fed officials view a September rate cut as likely if inflation continues to decrease. Target's strong quarterly results boosted its shares significantly, while Macy's struggled as it reported a sales decline. The focus on the labor market remains critical, especially after revisions revealed fewer jobs than initially reported. Overall, investors remain cautious as they anticipate Jerome Powell's speech at the Jackson Hole symposium.
Source: YAHOO