News Formal

Stock market today: Dow eyes 40,000 as stocks regroup near record highs

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Nasdaq Composite News

Dow,Federal Reserve

Signs of cooling inflation continued to spur bets for a Federal Reserve rate cut in September.

US stocks were little changed Thursday following a record-setting rally as signs of cooling inflation continued to spur bets for a Federal Reserve rate cut in September. The S&P 500 was slightly higher on the heels of closing above 5,300 for the first time. The Dow Jones Industrial Average and the tech-heavy Nasdaq Composite were trading near the flatline. Stock gains have picked up pace as belief grows that the US economy is headed for a soft landing.

Trader bets on a Fed rate cut in September rose to over 70%, per the CME FedWatch Tool, amid rising speculation about an easing as soon as July. Read more: How does the labor market affect inflation? Investors also jumped into bonds, sending the 10-year Treasury yield down near one-month lows at around 4.33%. On the corporate front, Walmart's posted quarterly profit, revenue and same-store sales beat Wall Street estimates.

 

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: Dow eyes 40,000 as faith in rate cuts lifts US futuresSigns of cooling inflation continued to spur bets for a Federal Reserve rate cut in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow snaps 8-day win streak, GameStop soars as meme frenzy reignitesAttention is on this week's CPI report, seen as a potential starting gun for Fed rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow nabs 8th straight winning session, S&P 500 marches back toward record highInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks rise, Dow eyes 8th straight win as rate-cut hopes aboundInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures rise, Dow eyes 8th straight win as rate-cut hopes aboundInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow eyes 8th straight win as rate-cut hopes buoy stocksInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »