Reported 6 months ago
Wall Street's main indexes made gains following the Federal Reserve's cautious outlook on interest rate cuts, which had previously caused a selloff. The S&P 500 rose by 0.3% as Treasury yields increased, with the 10-year yield reaching a 6-month high at 4.57%. While some stocks such as Nvidia and Amazon saw recoveries, the market remains wary of persistent inflation and uncertain future rates. Micron and Lennar reported disappointing numbers, contributing to a mixed trading day.
Source: YAHOO