Dow Jones closed at a record high on Wednesday. Other Wall Street indexes also ended higher, despite declines in tech shares, driven by gains in small-caps and financial stocks. Morgan Stanley hit a record close with strong earnings. Investors showed interest in financial stocks due to a favorable rate environment.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend