US Stock Market Live: The Dow Jones opened lower but rose 50 points. S&P is up 11 points, and Nasdaq is up 50 points. Stocks gained as bond yields fell, but Fed chair warned rates may stay high. Trump announced major FDI.
US Stock Market Live: The Dow Jones Industrial Average has opened Friday’s trading session on Wall Street in the red, trading 80 points lower, before it ticked up into the green, rising 50 points. Meanwhile, S&P is marginally up, 11 points, and the Nasdaq Composite Index is up 50 points. Stocks had received a boost on Thursday as bond yields fell in anticipation of more rate cuts from the US Federal Reserve, after some disappointing macro data. However, the Federal Reserve chair warned that interest rates may remain higher for long as the economy navigates a period of heightened uncertainty, volatile inflation and persistent supply shocks. US President Donald Trump said that the US is set to receive huge amounts of FDI, at the conclusion of his trip to the Middle East.
