US Edition
Wall Street Ticks Higher After Rally Wrapped Around World
Markets gained as investors anticipate a Federal Reserve rate cut in September amid easing Treasury yields and strong corporate earnings, with the S&P 500 rising 0.4%.
- On Wednesday, U.S. stocks climbed as a global rally grew, fueled by expectations of a Federal Reserve rate cut this year.
- Fed officials said in the bond market, Treasury yields eased as expectations built for coming rate cuts, influenced by new U.S. inflation data.
- Europe at midday, Germany’s DAX rose 0.9% and the CAC 40 increased 0.6%, reflecting gains across European markets.
- Among sectors, HanesBrands climbed 4.2% after agreeing to sell itself to Gildan Activewear for $2.2 billion, while Kroger fell 4.5%.
- Ahead of its September meeting, the Federal Reserve will receive another inflation report and U.S. job market data, as lowering rates risks fueling inflation.
67 Articles
67 Articles
Traverse City Record-Eagle
Guelph TodayWall Street edges up to more records following a worldwide rally
U.S. stocks notched some more records as a rally spurred by hopes for lower U.S. interest rates wrapped around the world. The S&P 500 rose 0.3% Wednesday. The Dow Jones Industrial Average climbed 1%, while the Nasdaq added 0.1% to…
San Diego Union Tribune
Wall Street drifts around its records following a worldwide rally
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are drifting around their record levels on Wednesday after a rally spurred by hopes for lower U.S. interest rates wrapped around the world. The S&P 500 was mostly unchanged, coming off its latest all-time high. The Dow Jones Industrial Average was up 285 points, or 0.6%, as of 1:19 p.m. Eastern time, while the Nasdaq composite was mostly unchanged after setting its own record the day b…
The New York Stock Exchange is on the rise on Wednesday, continuing to grow the previous day after the prospect of a easing of the monetary policy of the Federal Reserve (Fed).
The Cumberland Times-News
Stocks edge higher on Wall Street toward more records
U.S. stocks are ticking higher after a rally spurred by hopes for lower U.S. interest rates wrapped around the world. The S&P 500 was up 0.3% in early trading Wednesday, coming off its latest all-time high. The Dow Jones Industrial…
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