Stock Market Today – 7/7: Stocks Nudge Higher After Fed Minutes; Samsung Kick-Starts Chip Rally

Published by
The Street

By Martin Baccardax Hints of a rate hike pause, buried deep in yesterday’s Fed minutes, could lift U.S. stocks to a fourth consecutive session of modest gains. U.S. equity futures bumped higher Thursday, potentially extending a modest three-day winning streak for the S&P 500, as investors move past a hawkish Fed minutes to focus on jobs data that could provide significant clues as to the true health of the domestic economy. Minutes from the Federal Reserve’s June policy meeting, where is lifted rates by 75 basis points and signaled more to come, indicated that Chairman Jerome Powell and his co…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street