Wall Street climbs to more records on hopes for cuts to interest rates
NEW YORK (AP) — U.S. stocks are rising to more records on expectations that the Federal Reserve will have to cut interest rates soon to help the economy.
The S&P 500 climbed 0.4% Friday. The Dow Jones Industrial Average added 93 points, and the Nasdaq composite gained 0.7%.
The action was much stronger in the bond market, where Treasury yields tumbled following the latest weaker-than-expected update on the U.S. job market. That raised expectations for a cut to rates by the Fed later this month. While the data on the job market is disappointing, it’s still not so weak that it’s screaming a recession.
More Stories
Gas at $4: Understanding America’s strange obsession
Fuel prices in the US are akin to a constantly displayed economic scorecard where the pump can trump politics Gas...
Beyond Algorithmic Echo Chambers: The Rise of Authentic Lifestyle Communities in Europe’s Creator Economy
Europe’s social media landscape is undergoing a quiet revolution. After more than a decade of polished influencer culture, algorithmic homogenization,...
What UK SMEs Should Know About Workplace EV Charging
A workplace EV charge point used to be a perk reserved for headquartered corporates. The picture in 2026 looks different....
Apprenticeships ‘tougher to land than Oxbridge places’ as ministers pledge £600m for 60,000 new starts
In a claim that will resonate with thousands of school-leavers wading through a torrent of rejection emails this summer, the...
Farage promises tax-free overtime in £5bn pitch to working Britain
Reform UK leader vows to lift income tax from overtime pay for anyone earning under £75,000, a policy he says...
Overseas investors retreat from UK commercial property as red tape bites
Britain’s pitch as the most reliable address in European real estate has taken a knock. Foreign investors, the lifeblood of...