Equites notched a record close for the second day in a row on Wednesday as investors weighed the prospect of a Federal Reserve rate cut as soon as next month and an ongoing slew of mostly upbeat quarterly earnings.
Stocks notched another record high overnight as inflation figures were benign, leaving the door open for the Fed to cut rates.
Stocks headed lower overnight as investors took some risk off the table into key inflation prints due later in the week and digested reports that President Donald Trump had extended the deadline for China tariffs by 90 days.
Stocks were led higher by tech on Friday, as bets on a September rate cut were boosted after Trump nominated his top economic adviser, Stephen Miran, to fill a vacant seat on the Fed board
Stocks closed slightly lower after clawing back losses late into the close as investors weighed reports of shake up at the Federal Reserve and ongoing strength in tech stocks.
Stocks floated higher overnight as Trump/Apple announcement fuelled a tech rally and investors cheered mostly bullish quarterly results.
Stocks most momentum from Mondays rebound after data showing services activity unexpectedly contracted stoked concerns about the underlying of the economy just as the quarterly earnings season continues.
Stocks rebounded from Friday’s big sell off, as investors rushed to buy the dip on growing expectations for a rate cut.
Stocks fell sharply Friday after a much weaker-than-expected jobs report triggered fears about an economic slowdown just as Amazon-led weakness in tech hit investor sentiment.
U.S. job growth undershot forecasts, easing fears of aggressive Fed rate hikes, benefiting energy stocks while defensive sectors fell back.
