Stocks are flat to start the week, with S&P 500 near record high: Live updates
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Stocks are flat as of August 26, 2024, with the S&P 500 up 0.1% and the Dow Jones up 0.2%; Fed Chair Jerome Powell indicated potential interest rate cuts, leading to market optimism; S&P 500 is less than 1% from its record high set in mid-July; durable goods orders surged 9.9% in July, driven by transportation; UBS forecasts S&P 500 could rise to 5,900 by year-end; Oppenheimer suggests shifting to defensive value plays; Ed Yardeni warns that stronger economic news may dampen rate-cut expectations.

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https://www.cnbc.com/2024/08/25/stock-futures-are-little-after-fed-signals-rate-cuts-are-imminent.html