Stocks continued to rise on rate-cut expectations
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| | 7/12/2019 | |
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Dow, S&P, Nasdaq Close the Week at New Highs | By Karee Venema | | It was a strong finish to a record-setting week on Wall Street, with the Dow, S&P, and Nasdaq all settling at new all-time highs today. While traders continued to cheer possible support for a July rate cut in this week's congressional testimony from Fed Chair Jerome Powell, they also looked ahead to the start of second-quarter earnings season, which kicks off bright and early Monday morning with Citigroup's (C) results. Today's surge capped an impressive run for the major market indexes, which each logged impressive weekly gains. Continue reading for more on today's market, including: - President Donald Trump's tweets brought out Facebook bears.
- 2 bank stocks downgraded before earnings.
- Plus, a $4.3 million bearish Stitch Fix bet; time to take profits on this insurance stock; and 3 weed stocks that slumped.
| >> Continue reading... | |
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