Heard on the Street Recap: Betting on Cuts
Market Intelligence Analysis
AI-PoweredThe Dow and Nasdaq composite saw modest gains, with the Dow increasing 0.9% and the Nasdaq gaining 0.2%. This may influence the Federal Reserve to vote for another rate cut next week. A major retailer's stock reached a market-cap milestone, becoming the 12th U.S. company to do so.
Market impact analysis based on bullish sentiment with 78% confidence.
Article Context
The Dow industrials added 0.9% and the Nasdaq composite gained 0.2%. The "modest fall" should be enough to persuade Federal Reserve policymakers to vote for another rate cut next week, said Stephen Brown of Capital Economics. The retailer’s stock was up 1.8%, a gain that pushed it above the market-cap milestone and made it the 12th U.S. company to surpass it, according to Dow Jones Market Data.
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