US Edition
Wall Street Finishes Week with Quiet Win
Wall Street closed a winning week despite a slight pullback led by tech shares as investors anticipate a Federal Reserve interest rate cut in September, supporting record highs.
- On Friday, U.S. stocks edged back from record levels, with the S&P 500 falling 0.3% and Wall Street closing out another winning week.
- Expectations for a September rate cut by the Federal Reserve reflect traders' optimism despite a disappointing wholesale inflation report on Thursday.
- On Thursday, the stock market saw UnitedHealth Group jump 13% after Berkshire Hathaway bought 5 million shares valued at $1.57 billion, while Applied Materials declined 13.9%.
- Bond investors drove the two-year Treasury yield higher, which rose to 3.76% from 3.74% late Thursday, reflecting mixed economic data.
- Looking ahead, lower rates can boost investment, with markets expecting the Federal Reserve to consider a September rate cut amid ongoing economic uncertainties.
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16 Articles
16 Articles
The US market closed slightly lower after record highs for the S&P 500 but with significant weekly gains as the Dow rose 2%, and the S&P 500 and Nasdaq gained 1%.
Prince George Citizen+7 Reposted by 7 other sources
US stocks tap the brakes as Wall Street closes out another record-setting week
NEW YORK (AP) — U.S. stocks edged back from their records, led by drops for technology companies, but Wall Street still closed out another winning week. The S&P 500 fell 0.3% Friday, slipping below the record it set a day earlier.
·Prince George, Canada
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Although Wall Street was weak, the weekly performance was quite strong, especially for the Dow
·Greece
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Total News Sources16
Leaning Left5Leaning Right3Center4Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 33%
R 25%
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