Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

The Best Prime Day Travel Deals 2025

June 30, 2025

How to make $100,000 or more and pay no income taxes

June 30, 2025

A Translation Guide To Progressive Slavespeak

June 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, June 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»Dow, S&P 500 build on records as a retail sales surprise fuels rate cut hopes
Stock Market

Dow, S&P 500 build on records as a retail sales surprise fuels rate cut hopes

July 16, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Dow, S&P 500 Hit New Records as Stocks Surge

On Tuesday, US stocks opened higher as investors digested strong bank earnings and a surprising retail sales report, fueling speculation of an imminent interest rate cut.

The Dow Jones Industrial Average rose by approximately 0.5% after reaching an all-time high of over 40,000 at the opening bell. The S&P 500 and Nasdaq Composite also saw gains of more than 0.3% following their own recent successes.

Bank of America and Morgan Stanley reported their quarterly earnings before the market opened, with BofA surpassing profit expectations despite a decline, while MS reported a significant jump in profit, signaling a revival in investment banking. Charles Schwab and UnitedHealth are among the companies scheduled to release earnings later today.

Investor sentiment was bolstered by Federal Reserve Chair Jerome Powell’s indication that a rate cut could be on the horizon, given recent inflation data. Retail sales for June were flat but exceeded expectations, further supporting the case for a rate cut in September, as traders are pricing in a 100% likelihood of a decrease in borrowing costs that month.

While the prospect of a rate cut has boosted confidence in the stock market, some lawmakers have cautioned against the Fed making any significant moves before the upcoming presidential election.

Meanwhile, political developments have captured the market’s attention, with former President Donald Trump emerging as a frontrunner for the White House following an assassination attempt over the weekend. Trump’s selection of Sen. J.D. Vance as his running mate is seen as enhancing his chances in the race.

statement: The dog ran quickly through the park.

Rewritten statement: Through the park, the dog sprinted with speed.

build cut Dow Fuels hopes rate records retail sales Surprise
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Traders bet on interest rate cuts from Jay Powell’s successor at the Fed

June 28, 2025

BoE’s Bailey sees signs of softer jobs market and predicts further rate cuts

June 26, 2025

Tesla’s retail investors stung by massive lawsuit barrier — will it end up hurting the stock?

June 25, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Best margin rates at online brokers

October 9, 20240 Views

How to Screen Tenants in 9 Steps

September 22, 20240 Views

US traders snap up aluminium ahead of Trump tariffs

February 22, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Personal Finance

The Best Prime Day Travel Deals 2025

June 30, 20250
Investment

How to make $100,000 or more and pay no income taxes

June 30, 20250
Economic News

A Translation Guide To Progressive Slavespeak

June 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.