Wednesday, April 10, 2024

Jefferies says US stocks can rally even if Fed doesn’t cut rates

US equities are likely to continue their uptrend based on good economic news, which Zervos, the bank’s chief market strategist, expects to swamp discussions about keeping rates higher for longer.

from Economic Times https://ift.tt/1MlIZwW

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...