S&P 500 registers record-high close as data keeps rate cut views intact
- Asian shares rose following a record high close for the S&P 500, as reported on Friday.
- The three major U.S. stock indexes increased due to labor market data that supported a potential interest rate cut by the Federal Reserve.
- Investors anticipate a 95% chance of a 25 basis-point cut, according to CME's FedWatch Tool.
- Fed Chair Jerome Powell indicated that the upcoming payroll data would not significantly alter expectations for a rate cut.
27 Articles
27 Articles
Global markets surge as Wall Street sets another record, ahead of hopes for cuts to U.S. interest rates
World shares rose Friday after U.S. stocks climbed to a record as Wall Street made its final moves ahead of an update on the American job market that could clear the way for cuts to interest rates that investors love.In early European trading, Germany’s DAX index added 0.2% to 23,815.68, while Britain’s FTSE 100 rose 0.3% to 9,246.59. In Paris, the CAC 40 edged up 0.1% to 7,707.13.The future for S&P 500 rose 0.3% while that for the Dow Jones Ind…

Asian shares climb after another Wall Street record and hopes for cuts to U.S. interest rates
Asian shares are higher after U.S. stocks rose as Wall Street made its final moves ahead of a highly anticipated report on the job market.
S&P 500 registers record-high close as data keeps rate cut views intact
The S&P 500 posted a closing record high on Thursday as labor market data did not change expectations for an interest rate cut by the Federal Reserve, a day ahead of the key U.S. monthly jobs report.
Wall Street indexes end higher as data keeps rate cut views intact
The three major U.S. stock indexes ended solidly higher on Thursday as labor market data did not change expectations for an interest rate cut by the Federal Reserve this month and investors awaited Friday’s U.S. monthly jobs report
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