US stocks edged higher on Friday, setting the stage for strong weekly wins after Wall Street's expectations for a jumbo interest rate cut by the Federal Reserve shot up overnight. The S&P 500 moved up about 0.2%, while the tech-heavy Nasdaq Composite climbed just over the flat line to point to a fifth day of gains for both gauges amid a comeback for tech stocks. The Dow Jones Industrial Average also added roughly 0.2%.
Adding to the debate, influential former New York Fed president Bill Dudley said there's a "strong case" for a deeper cut. The yield on the benchmark 10-year Treasury slipped early Friday, down 2 basis points at around 3.66%. At the same time, the yield on 2-year notes, seen as sensitive to monetary policy, dropped to just above 3.58%.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Stock market today: US stocks rise as Fed-favored PCE inflation print hits the markThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »
Stock market today: US futures rise with jumbo Fed cuts back on the tableThe stage is set for strong weekly wins after Wall Street's expectations for a 0.5% rate cut by the Fed shot up overnight.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »
Stock market today: Wall Street climbs ahead of speech by Fed chief PowellNEW YORK (AP) — Stocks are climbing on Wall Street, but the market’s focus is thousands of miles to the west, where the head of the Federal Reserve is about to give a highly anticipated speech about interest rates. The S&P 500 was 0.
Fonte: SooToday - 🏆 8. / 85 Leggi di più »
Stock market today: US futures climb in wait for Fed-favored PCE inflation printThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »
Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »
Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »