Key Points
NEW YORK (Reuters) Wall Street rebounded and Treasury yields paused in the wake of upbeat economic data on Friday as investors positioned themselves ahead of the long U.S. Memorial Day weekend and the unofficial start to summer...
The U.S. stock markets bounce-back caps a week in which minutes from the most recent Federal Reserve policy meeting struck a more hawkish-than-expected tone, economic data hinted at the possibility of rising inflation and megacap chipmaker Nvidias beat-and-raise earnings report re-ignited investors AI fervor...
The tech-heavy Nasdaq led all three major U.S. stock indexes higher in a broad-based rally; 10 of the 11 major sectors in the S&P 500 were green...
Investors are growing increasingly resigned to the higher-for-longer interest rate narrative in the wake of the Fed minutes release on Wednesday, as well as cautious remarks from various policy makers which expressed doubt as to whether inflation is indeed on a reliable downward trajectory...
The dollar dipped against a basket of world currencies but remained on track for a weekly gain as stronger-than-expected economic data has left markets on edge about the outlook for interest rate cuts...
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