Dow leads Wall St revival on inflation data, tech stocks rebound

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Dow leads Wall St revival on inflation data, tech stocks rebound

-Wall Street's major stock indexes rose on Friday, on course to recoup some ground lost earlier in the week, as tech megacaps recovered and in-line inflation data supported bets that the Federal Reserve would cut interest rates in September.led the way, aided by industrial conglomerate 3M, which jumped 20% and was on track for its largest daily percentage gain in decades after it raised the lower end of its annual adjusted profit forecast.

Adam Hetts, global head of multi-asset at Janus Henderson, noted that this week's data, including Friday's price report, have signaled a stable U.S. economy, which supports a September rate cut. As of 2:01 p.m. ET, the S&P 500 gained 66.86 points, or 1.24%, at 5,466.08 points, while the Nasdaq Composite advanced 181.87 points, or 1.07%, to 17,365.99. The Dow Jones Industrial Average rose 690.12 points, or 1.73%, to 40,625.19.

Worries about Wall Street's growing dependence on a set of high-momentum stocks, whose valuations now appear inflated, have made underperforming sectors like mid- and small-cap stocks seem more attractive, now that early rate cuts seem likely.) jumped 7.5% after it raised its annual profit forecast, while oilfield services firm Baker Hughes climbed 5.3% after beating estimates for second-quarter profit.) jumped 11.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 450. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock Market Today: Dow closes just shy of record as earnings season gets underwayStock Market Today: Dow closes just shy of record as earnings season gets underway
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »