Stocks Rebound as Powell Sticks to Fed Message
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Description
The major U.S. equity indexes ended a two-day slump as investors assessed Fed chair's testimony and waited for payrolls report.
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The S&P 500 index climbed to a three-week high after the Labor Department reported weaker-than-expected payroll growth, boosting rate cut hopes.
Published 05/03/24
Published 05/03/24
The S&P 500 index ends a two-day slide as investors took encouragement from Fed leader's comments and await the Labor Department update.
Published 05/02/24
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