Stocks gain as traders weigh another big rate cut
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US equities gained as traders considered Federal Reserve commentary; S&P 500 rose 0.3%, nearing all-time high; equal-weighted benchmark increased 0.5%, closing at record; Dow Jones Industrial Average also reached record; Nasdaq 100 rose 0.3%; Intel Corp. shares climbed 3.3% after Apollo Global Management's investment offer; Boeing Co. advanced 2% after improving deal terms for striking workers; US business activity showed robust growth despite moderation; flash PMIs indicated sound economic footing; traders expect nearly three-quarters of a point of policy easing by year-end; Chicago Fed President Austan Goolsbee suggested focus on labor market; Neel Kashkari supports half-point rate cut by year-end; Raphael Bostic advocates caution on rate cuts; upcoming data on Fed's preferred price metric and US personal spending due; US two-year yields fell to 3.58%; Ed Yardeni warned of inflation risks from aggressive rate cuts; European stocks gained despite weak PMI data; euro weakened 0.7% against dollar amid expectations for ECB rate cuts.
#Stocks #FederalReserve #InterestRates #S&p500 #EconomicData #Inflation #EuropeanCentralBank #MarketAnalysis #BusinessActivity #Investments
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