US stocks held close to record levels on Wednesday as investors awaited the Federal Reserve’s interest rate decision, with gains in tech and industrial heavyweights helping sustain Wall Street’s momentum.The S&P 500 was up 0.3%, while the Dow Jones Industrial Average rose 193 points (0.4%) and the Nasdaq Composite gained 0.7% as of 9:35 am…
Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession. However,…
Read More “US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India” »
NEW YORK: Growing volatility in US stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week. The…
Read More “Wall Street investors seek shelter | The Express Tribune” »
