Stocks climbed to fresh record highs Monday, led by tech, as investors braced for a widely expected Fed rate cut on Wednesday.
Stocks ended the week on a muted note after a strong rally, with the S&P 500 and Nasdaq hovering near record highs.
Wall Street closed at new all-time highs Thursday, driven by growing confidence that the Federal Reserve will deliver its first rate cut of the year next week.
Stocks pushed to new all-time highs Wednesday as a surprise drop in producer prices boosted expectations for a September Fed rate cut, with tech leading gains thanks to Oracle’s blowout earnings.
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U.S. equities extended gains to fresh record highs on Tuesday, with the S&P 500 and Nasdaq climbing modestly amid growing expectations for a Fed rate cut next week.
Market corrections—usually defined as a decline of 10% or more in major stock indexes—are a normal aspect of investing.
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