Stocks pricing in Fed rate cut, gold and oil: Market Takeaways

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The S&P 500 (GSPC) and Nasdaq (^IXIC) have jumped for four consecutive days, led by tech stocks. August's Producer Price Index came in line with expectations...

) have jumped for four consecutive days, led by tech stocks. August's Producer Price Index came in line with expectations as inflation continues to cool ahead of the Federal Reserve's first interest rate cut. Meanwhile, gold — A county in western Arkansas and a health provider have agreed to a $6 million settlement with the family of a man who died from dehydration and malnutrition while being held in a local jail, an attorney for the family said Thursday.

An energy company at the center of a $60 million bribery scheme in Ohio has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors about its role in the scandal.U.S. Border Patrol agents who rushed to the school shooting in Uvalde, Texas in 2022 failed to establish command and had inadequate training to confront what became one of the nation’s deadliest classroom attacks, according to a federal report released Thursday.

 

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