Nasdaq Closes at Record High With Hopes for Rate Cuts in September | Wall Street Today

Stocks rose Friday as data revealed that American consumers have lowered their inflation expectations, boosting optimism about potential Federal Reserve rate cuts this year.

Moomoo Recap USMay 24 16:08 ET

Friday Market Gains After Pulling Back | Market Story

As a general recap, the market was overall advancing Friday. Shortly after 10 AM EST, the $S&P 500 Index traded +0.36%, the $Dow Jones Industrial Average climbed fell about 0.12%, and the $Nasdaq Comp

moomoo NewsMay 24 12:40 ET

Market Climbs At Low Volume Before Holiday Weekend | Herd on Wll Street

Monring mooers! It is Friday, May 24th, the eve of Memorial Day weekend here in the U.S. The tech sector is in the green, the market is climbing. My name is Kevin Travers, I am writing from the beach today: here are stories moving the market today.

Kevin TraversMay 24 10:37 ET

How can the Federal Reserve reduce inflation? This major bank made a suggestion: cut interest rates!

Rick Rieder, BlackRock's chief investment officer for global fixed income and head of the global allocation team, said, “Currently, it is unclear to me whether higher (interest rates) will help reduce inflation or actually boost inflation.”

Zhitong FinanceMay 24 09:03 ET

Express News | US April Durable Goods Orders MoM 0.7% vs -0.8% Forecast, Prior 0.8% (Revised from 2.6%)

Moomoo 24/7May 24 08:31 ET

Traders See First Fed Cut Later

Treasury yields surged as data showing strength in US business activity and a tight labor market sparked traders to push back the timing for Federal Reserve interest-rate cuts until the end of this year. Bloomberg's Scarlet Fu discusses yields and the Fed with Baylor Lancaster-Samuel, Amerant Investments CIO.

BloombergMay 24 07:37 ET