cautious
Wall Street rallies on rate-cut hopes but ends week lower
U.S. stocks surged after renewed expectations that the Federal Reserve could cut interest rates in December, following dovish remarks from New York Fed President John Williams. All three major indexes posted strong gains on Friday, briefly lifting investor sentiment.
However, the relief rally was not enough to offset earlier declines, and markets still closed the week in negative territory amid concerns over stretched tech valuations and weakening momentum in AI-linked stocks.
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Reuters• By Harsh Ranjan
Explore:Mutual Fund Screening
cautious
Wall Street rallies on rate-cut hopes but ends week lower
U.S. stocks surged after renewed expectations that the Federal Reserve could cut interest rates in December, following dovish remarks from New York Fed President John Williams. All three major indexes posted strong gains on Friday, briefly lifting investor sentiment.
However, the relief rally was not enough to offset earlier declines, and markets still closed the week in negative territory amid concerns over stretched tech valuations and weakening momentum in AI-linked stocks.
Tags:
- markets
- us
Reuters• By Harsh Ranjan
Explore:Mutual Fund Screening
Breaking
cautious
Wall Street rallies on rate-cut hopes but ends week lower
1 min read
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US markets rose on rate-cut optimism but still posted weekly losses due to tech weakness.
U.S. stocks surged after renewed expectations that the Federal Reserve could cut interest rates in December, following dovish remarks from New York Fed President John Williams. All three major indexes posted strong gains on Friday, briefly lifting investor sentiment.
However, the relief rally was not enough to offset earlier declines, and markets still closed the week in negative territory amid concerns over stretched tech valuations and weakening momentum in AI-linked stocks.
U.S. stocks surged after renewed expectations that the Federal Reserve could cut interest rates in December, following dovish remarks from New York Fed President John Williams. All three major indexes posted strong gains on Friday, briefly lifting investor sentiment.
However, the relief rally was not enough to offset earlier declines, and markets still closed the week in negative territory amid concerns over stretched tech valuations and weakening momentum in AI-linked stocks.
Tags:
- markets
- us
- markets
- us
- economy
- fed
- tech