Dow Jones, Nasdaq, S&P 500 weekly preview: New economic data could boost stocks

edged higher on Friday, setting a new record to close out a strong week driven by the Federal Reserve's first big interest rate cut in four years.fell 0.36% to 17,948.32. Thursday saw the Dow surpass 42,000 for the first time, and the S&P 500 broke through the 5,700 level.

Fed Chair Powell will deliver pre-recorded opening remarks, followed by speeches from New York Fed President Williams and Vice Chair for Supervision Barr. “Stronger-than-expected economic data would be a boon for stocks. Stocks in the S&P 493 should benefit from looser monetary policy and solid economic growth,” Yardeni Research wrote in a note on Monday.

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