Stock Market Today: S&P 500 notches weekly win as Powell tees up rate cuts

Investing.com-- U.S. stocks rallied Friday, as Treasury yields swung lower after Federal Reserve Chair Jerome Powell signaled rate cuts were on the way.amid cooling inflation and a softer labor market. The Fed chief also appeared to keep the door open to a bigger rate cut, saying the size of rate cuts as well as the frequency would depend on incoming data.

The odds of a larger 50 basis cut at the September rose to 36% from 28% the previous day, according to Investing.com's), allowing the latter's self-driving vehicles to be launched on Uber's ride-hailing platform. Uber was up 1%, while General Motors rose more than 4%. "Workday surprised most investors by making a pronounced and very welcome pivot on the growth-margin trade-off, backing off the previous FY27/3-year CAGR of 17-19% and setting it at 15%," UBS said in a Friday note. The company also raised the fiscal 2027 non-GAAP operating margin target to 30% from 25% and announced a $1B stock buyback plan.Robert F. Kennedy Jr. suspending his U.S. presidential campaign on Friday and endorsed Republican presidential candidate Donald Trump.

“I am not terminating my campaign I am simply suspending it and not ending it. My name will remain on the ballot in most states,” he said at an event on Friday in Arizona.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: S&P 500 closes lower as yields rise ahead of PowellStock market today: S&P 500 closes lower as yields rise ahead of Powell
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 closes higher as Fed minutes boost Sept rate cut hopesStock Market Today: S&P 500 closes higher as Fed minutes boost Sept rate cut hopes
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 snaps 8-day win streak as energy stocks slideStock Market Today: S&P 500 snaps 8-day win streak as energy stocks slide
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 in best week of 2024 as revived bulls resume marchStock Market Today: S&P 500 in best week of 2024 as revived bulls resume march
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 extends winning streak on signs of economic strengthStock Market Today: S&P 500 extends winning streak on signs of economic strength
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 ekes out gain ahead of key inflation dataStock Market Today: S&P 500 ekes out gain ahead of key inflation data
Fuente: Investingcom - 🏆 450. / 53 Leer más »