Wall Street, Jerome Powell
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2don MSN
Wall Street set to decline following last week's records, fueled by the Fed's first rate cut of 2025
Wall Street veered toward losses early Monday following another record-setting week that was propelled by the Federal Reserve's first interest rate cut of the year. Futures for the S&P 500 shed 0.3% before the bell,
U.S. stock indexes on Wednesday were extending their decline for a second day as Wall Street took a pause from what seemed like a relentless record-setting rally. But one veteran investor said the artificial-intelligence frenzy is just getting started.
On Thursday, the S&P 500, Nasdaq 100, Dow Jones and small-cap Russell 2000 all closed at all-time highs as investors celebrated the Fed’s move.
Asian shares traded mostly higher Monday, cheered by a record finish last week on Wall Street. Japan’s benchmark Nikkei 225 jumped 1.5% in morning trading to 45,729.33, rebounding from the decline late last week over concerns about the Bank of Japan’s selling its holdings. Such concerns abated as markets began to see any move as gradual.
Wall Street tacked on some more gains as it glided to the finish of its latest record-setting week. Plus: The United Nations will draw foundations and nonprofits to New York for a packed schedule
NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels.
Wall Street rolled to more records after mixed data on the economy cemented expectations for coming cuts to interest rates.