Yields Ease, Stocks at New Peak After Powell Talks
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The S&P 500 closed at a new all-time high above 5,500 following a drop in Treasury yields due to dovish remarks from Fed Chair Powell. Fed minutes loom tomorrow in a short session.
More Episodes
Wall Street closed at all-time highs after relatively weak jobs data sent yields down on hopes of rate cuts. Inflation data, Powell testimony, and big bank earnings are next week.
Published 07/05/24
Wall Street once again delivered a record close in Wednesday's short session ahead of Thursday's July 4 closure. Mega caps led after weaker data strengthened hopes of rate cuts.
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Published 07/03/24
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