Investors weigh rate cut and trade talks in July
U.S. equities rose as the S&P 500 posted record highs mid-month. Broad better-than-expected earnings and technology gains led major indexes higher.
Federal Reserve Chairman Jerome Powell’s announcement of a quarter percent reduction in interest rates fulfilled market expectations, but his lack of mentioning future stimulus measures caused a market sell off at the very end of the month. The restart of U.S.-China trade talks in Shanghai also boosted markets that have had keen focus on the trade conflict.
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