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The peso slid to 56.98 to the u.s. Equities diverged wednesday after another unremarkable day on wall street, where rising bond yields and comments from federal reserve officials dampened expectations for us interest rate cuts. Stocks are drifting near their record levels as expectations for cuts to interest rates continue to support financial markets.
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The nasdaq notched a record high close on monday, lifted by a rally in broadcom, while the s&p 500 also gained as investors bet the federal reserve will soon lower borrowing costs to shore up. Analysts said investors remained focused on a potential federal reserve rate cut during its policy meeting later this month. Dollar on tuesday, from 56.69 on monday.
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The s&p 500 edged up 0.1% in early trading.
Global stocks on friday mostly held onto gains made earlier this week on expectations of a cut to us interest rates. Wall street's sandamp;p 500 and nasdaq composite indices struck fresh record highs during morning trading. New york — global stocks on friday mostly held onto gains made earlier this week on expectations of a cut to us interest rates. Global stocks on friday mostly held onto gains made earlier this week on expectations of a cut to us interest rates.markets expect the fed to cut interest rates by a quarter point next week, and make another two cuts of the same size.
Wall street's s&p 500 and nasdaq composite indices struck fresh record highs during morning trading. Wall street's s&p 500 and nasdaq composite indices struck fresh record highs during morning trading. Both indices had joined the dow jones industrial average in setting. New york (ap) — u.s.
Global stocks on friday mostly held onto gains made earlier this week on expectations of a cut to us interest rates.
