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Stock Market Today: S&P 500 closes higher as Fed minutes boost Sept rate cut hopes

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Stock Market Today: S&P 500 closes higher as Fed minutes boost Sept rate cut hopes

Investing.com -- The S&P 500 closed higher Wednesday as the minutes of the Federal Reserve's July meeting bolstered expectations for a rate cut next month, overshadowing concerns about the economy following softer labor market data.

Markets are trading in a cautious manner as investors look for clues over the Federal Reserve's intention at its next policy-meeting in September. Goldman Sachs forecast that 600,000 to 1 million fewer jobs were created from April 2023 to March 2024 than previously reported, although the influential investment bank stated that the) stock rose 11% after the big box retailer raised its annual profit forecast and beat expectations for second-quarter comparable sales, with customers drawn in by low priced groceries and essentials.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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