Source: https://www.jhinvestments.com/weekly-market-recap#market-moving-news
Stocks ended the week on a muted note after a strong rally, with the S&P 500 and Nasdaq hovering near record highs.
Wall Street closed at new all-time highs Thursday, driven by growing confidence that the Federal Reserve will deliver its first rate cut of the year next week.
Stocks pushed to new all-time highs Wednesday as a surprise drop in producer prices boosted expectations for a September Fed rate cut, with tech leading gains thanks to Oracle’s blowout earnings.
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