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Asian Shares Post Modest Gains After Wall Street Nears More Records
Investors anticipate Federal Reserve interest rate cuts despite tensions with President Trump, with an 87% chance of a rate reduction in September, market data shows.
- On Tuesday, the S&P 500 rose 0.4%, finishing just 2.6 points below its record high as investors await the personal consumption expenditures index on Friday.
- Markets rallied last week on hopes for Fed rate cuts, with Wall Street betting on a September move and traders seeing an 87% chance of a quarter-point cut, while President Donald Trump's dispute with the Federal Reserve adds uncertainty.
- Boeing jumped 3.5% after Korean Air's $50 billion aircraft deal, EchoStar surged 70.2% on AT&T's $23 billion spectrum purchase, while Nvidia and JPMorgan Chase gained modestly.
- Short- and long-term Treasury yields slipped, with the two-year Treasury yield falling to 3.68% from 3.73% late Friday and the 10-year Treasury yield to 4.26% from 4.28% late Monday, while the broader market remained subdued after President Donald Trump's escalation with the Fed.
- The Fed will get a big employment update in early September, facing heightened scrutiny after its late 2024 rate cut as inflation neared 2%.
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15 Articles
15 Articles
Winnipeg Free Press+12 Reposted by 12 other sources
Asian shares post modest gains after Wall Street nears more records
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Stocks climb as Wall Street nears records
KEY TAKEAWAYS: Stocks closed higher with S&P 500, Dow, and Nasdaq up Boeing gained after $50B Korean Air aircraft deal EchoStar surged after AT&T $23B spectrum purchase Fed policy and Trump dispute add market uncertainty Stocks closed higher on Wall Street after an afternoon push left major indexes just below their recent records. The S&P 500 rose 0.4% Tuesday after drifting between small gains and losses for much of the day. The Dow Jones…
Coverage Details
Total News Sources15
Leaning Left3Leaning Right2Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 25%
C 58%
R 17%
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