Global stock markets showed stability after the Federal Reserve reduced interest rates. Investors remained cautious as the central bank signaled a measured approach to further easing. US equity futures saw gains, while Asian markets like Korea and Taiwan also rose. The Bank of England is expected to maintain rates. The Bank of Canada already cut its key policy rate.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.