NEW YORK — U.S. stocks rose closer to their records and closed out their best week of the year as hopes built for a big rate cut next week. The S&P 500 rose 0.5% Friday to climb within 0.7% of its all-time high reached in July. The Dow Jones Industrial Average added 0.7%, and also traded close to its own record high. The Nasdaq composite rose 0.7%. Stocks got support from the bond market, where Treasury yields eased ahead of next week’s meeting of the Federal Reserve.
Stocks got support from the bond market, where Treasury yields eased ahead of next week’s meeting of the Federal Reserve. The unanimous expectation on Wall Street is the Fed will deliver the first cut to interest rates in more than four years on Wednesday, and traders are rekindling hopes it may offer bigger-than-usual relief.
On Friday, though, traders were seeing roughly a coin flip’s chance that the Fed could deliver a large cut of half of a percentage point, instead of the more traditional quarter of a point, according to data from CME Group. The federal funds rate is currently sitting in range of 5.25% to 5.50%. The yield on the 10-year Treasury eased to 3.64% from 3.68% late Thursday. The two-year yield, which more closely tracks expectations for Fed action, fell more to 3.57% from 3.65%.
Uber Technologies revved 5.5% higher after saying it will bring autonomous ride-hailing to Austin and Atlanta with Waymo early next year.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Stock market today: Wall Street falls sharply to close its worst week in nearly 18 monthsNEW YORK (AP) — Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »
Stock market today: Wall Street gives back some of its gains as its rally loses momentumNEW YORK (AP) — Stocks are giving back some of their big gains from earlier in the week as Wall Street’s rally loses some steam. The S&P 500 was 0.3% lower early Friday and on track for its first drop in seven days.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »
Stock market today: Wall Street closes its best week of the year with some more gainsNEW YORK (AP) — U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day. The Dow Jones Industrial Average rose 0.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »
Stock market today: Wall Street holds near records after an 8-day winning streakNEW YORK (AP) — U.S. stocks are holding near their record levels following an eight-day winning streak. The S&P 500 was down less than 0.1%. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite slipped 0.1%.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »
Stock market today: Wall Street rises after Target and other retailers top profit forecastsNEW YORK (AP) — U.S. stocks are opening higher after more big companies delivered profit reports that topped analysts’ expectations. The S&P 500 rose 0.2% in early Wednesday trading. The Dow Jones Industrial Average added 110 points, or 0.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »
Stock market today: Wall Street ticks closer to record heights ahead of a highly anticipated speechNEW YORK (AP) — U.S. stocks are ticking higher Thursday as Wall Street counts down to what’s supposed to be the main event of the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 was 0.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »