Wall Street traders are optimistic about the Federal Reserve’s ability to achieve a soft landing, leading to a rally in riskier markets. The S&P 500 hit its 39th record high in 2024, with tech stocks leading gains. The Fed’s recent rate cut has bolstered hopes of avoiding a recession.
US stocks: US market rebounds, but yield surge sets stage for weekly losses
Major Wall Street indexes opened higher on Friday after significant declines. The Dow Jones Industrial Average saw a slight increase at the opening. The S&P