Stocks edge higher on Wall Street
Digest more
Nvidia, Wall Street
Digest more
Asian shares are mostly up after a rally in big tech stocks in U.S. trading led the broader market to a higher close, lifting the Nasdaq to an all-time high and helping Wall Street claw back most of its losses from earlier in the week.
Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.
Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.
World shares are mostly higher, with financial markets shrugging off U.S. tariff pressures on its trading partners
In Washington, the Senate narrowly passed the “One Big Beautiful Bill Act” on July 1 in a 51–50 vote, with Vice President JD Vance breaking the tie. The House passed the bill on July 3 in a 218-214 vote.
18hon MSN
Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.
The prevailing sentiment surrounding AGNC Investment Corp. has turned quite bullish, but I believe the bulls have overlooked several key risks. Learn more on AGNC stock here.