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.
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Many pre-retirees are running out of time to accumulate sufficient retirement assets. Just over 80 percent of baby boomers may be unprepared for retirement, according to our surveys in 2021 and 2022.
Modest setback The major indexes failed to maintain the previous week’s positive momentum as the S&P 500 and the NASDAQ slipped around 1% and the Dow fell nearly 2%. Stocks declined on Thursday amid growing concerns about tightening monetary policy, and a brief rally that followed Friday’s jobs report reversed course in the afternoon.
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