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Market Optimism Lifts Equities as Fed Rate Cut Hopes Grow
Market Optimism Lifts Equities as Fed Rate Cut Hopes Grow
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BTCCSquare news:
U.S. equities climbed at midday, with the S&P 500 and Nasdaq extending record highs amid growing confidence the Federal Reserve will cut interest rates next month. The Dow Jones Industrial Average also advanced as traders priced in lower borrowing costs.
Homebuilders Lennar, D.H. Horton, and PulteGroup rallied on expectations of reduced mortgage rates. Gildan Activewear surged after agreeing to acquire Hanesbrands for $2.2 billion, while defense contractor V2X gained on a Bank of America upgrade.
CAVA Group tumbled after disappointing same-store sales and guidance cuts signaled consumer spending pressure. Mediterranean restaurant chains face headwinds as diners pull back.
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