News Formal

Stock market today: Stocks gain as Fed rate hopes fuel continued rally

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Nasdaq Composite News

The Federal Reserve

Stocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.

Stocks opened higher Monday as Wall Street looked set to build on an end-of-week surge precipitated by a softer-than-expected jobs report that helped spur bets toward an earlier rate cut from the Federal Reserve. The S&P 500 gained 0.4% while the tech-heavy Nasdaq Composite rose 0.3%. The Dow Jones Industrial Average inreased roughly 0.4%.

Most traders now expect at least two cuts by the end of the year. Those bets could be swung by the return of Fedspeak, now that free-speaking Fed officials are untethered from a pre-meeting blackout period. New York Fed President John Williams and the Richmond Fed’s Thomas Barkin are set for remarks Monday, while Minneapolis' Neel Kashkari is set to speak Tuesday. In corporate news, Disney will take center stage this week as earnings season starts to wind down.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stocks end mixed in volatile session after Fed decision, Powell commentsFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks rally after Fed decision as Powell soothes rate nervesFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures gain as rally looks set to continueStocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks sink as hot inflation torpedoes rate-cut hopesStocks slid, and bond yields soared on Wednesday after inflation data came in hotter than expected.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets today: Stocks rally as confidence in Fed wagers growsStocks advanced, with the S&P 500 poised to extend last week’s rally, as traders grew increasingly confident in the likelihood that the U.S. Federal Reserve will cut interest rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »