Fed Rate Cut Hopes Boost US Stocks

US stocks ended the week on a high note, with all major indexes rising on Friday, following a positive outlook on a potential Fed interest rate cut. Despite losses earlier in the week due to tech stock concerns, Nvidias shares surged temporarily after reports of a possible sale of advanced AI chips to China. New York Fed President John Williams statement on a near-term rate cut further boosted investor confidence, increasing the likelihood of a December rate reduction to around 70%. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.