Wall Street main indexes rose on investor optimism for a potential soft U.S. economic landing ahead of a key inflation report.
On September 9, Wall Street's main indexes opened higher, buoyed by investor optimism about a potential soft landing for the U.S. economy ahead of a key inflation report. The Dow rose 0.52%, the S&P 500 increased by 0.62%, and the Nasdaq gained 0.87%. Despite recent losses linked to disappointing job data, investors are hopeful for a Federal Reserve rate cut, with a 75% chance projected for a 25-basis-point reduction next week.
September 09, 2024
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