US stocks rose Monday, as the Dow Jones Industrial Average and S&P 500 eked out record closes, extending a winning streak on Wall Street. Investors looked to Federal Reserve speakers and a key inflation reading for clues to the odds of another big rate cut. The Dow rose more than 0.1% after closing at an all-time high on Friday. The S&P 500 edged up more than 0.2% to finish at its own record. The tech-heavy Nasdaq Composite climbed 0.1%.
Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards Much will depend on Friday's reading on the PCE index — the Fed's preferred inflation gauge — and Thursday's second quarter GDP print. Experts believe that cooling inflation, not a rising risk of recession, will give policymakers the green light for another 0.5% cut this year. Investors received more policy insight from Fed officials on Monday morning.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stock market today: Dow, S&P 500 continue September swoon ahead of pivotal jobs reportLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoriaWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow closes at record high, S&P 500, Nasdaq slide as tech lagsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow, S&P 500 gear up for recovery after steep lossesInflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow, S&P 500 rise as stocks mount a comeback from deep lossesInflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »