US Stocks Today: NaS&P 500 Rise as Fed's Waller Signals Openness to Holding Rates Steady
Traders trimmed hike bets after Waller said rates could stay unchanged if inflation eases, while the S&P 500, Dow and Nasdaq opened higher.
- Wall Street opened higher on Thursday after Federal Reserve Governor Christopher Waller signaled openness to leaving interest rates unchanged this month if inflation data confirms cooling price pressures.
- Waller's comments prompted traders to lower bets on a rate hike this month, though he warned borrowing costs may still need to rise if August inflation data shows persistent price pressures.
- The Nasdaq Composite gained 0.45% at the open while ServiceNow rose 5.43%, with Salesforce and Adobe climbing about 3.14% and 3.62% respectively, leading broad market gains.
- Escalating U.S. and Iran fighting has sent oil prices up 11% this week, creating what analyst Daniela Hathorn termed an 'inflationary headache' that complicates the rate outlook.
- Investors are now eyeing Friday's crucial August employment report for further monetary policy guidance, though Bokeh Capital Partners' Kim Forrest warned thinner September liquidity could create volatility.
15 Articles
15 Articles
Wall Street rallies as Fed's Waller eases rate hike fears
NEW YORK — Wall Street advanced on Thursday as investors curbed their rate hike bets after U.S. Federal Reserve Governor Christopher Waller said he would support holding the Fed funds target rate steady if data shows inflationary pressures are easing. All three major U.S. stock indexes were sharply higher, with the Nasdaq enjoying a boost from the "magnificent seven" group of AI-related megacap stocks. All three indexes were on track for weekly …
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Wall Street Opens Higher as Fed’s Waller Signals Rates Could Hold Steady in September
U.S. stocks opened higher Thursday as investors responded to comments from Federal Reserve Governor Christopher Waller indicating that the central bank could leave interest rates ... The post Wall Street Opens Higher as Fed’s Waller Signals Rates Could Hold Steady in September first appeared on [your]NEWS.
The two stock exchanges show increases of 0.75 percent in the case of the S&P/BMV IPC of the Mexican Stock Exchange.
The Detroit News
The spokesman-ReviewWall Street climbs after Fed's Waller says he could support rate hold
Wall Street's main indexes opened higher on Thursday after Fed Governor Christopher Waller said he could support holding rates steady this month.
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