- Investor's Business Daily
Dow Jones Futures: Market Rally Has Solid Day; Reddit, AI Plays Lead Earnings Movers Late
Bulls weren't running Tuesday, but they're still in charge. Reddit soared on its first post-IPO earnings report.
- Reuters
GLOBAL MARKETS-Wall St loses steam, dollar gains as investors mull rate cut timing
Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve cuts interest rates this year, while a resurgent dollar helped weaken the yen further. Benchmark Treasury yields softened, but the dollar rose on the prospect of stronger U.S. growth and potentially higher rates than other developed economies. "It's a quiet day, the major averages are flat, and there's some profit taking," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
- Reuters
US STOCKS-S&P, Dow end slightly up, extend closing streaks despite Disney drag
The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year. The advances pushed the S&P 500 to a fourth straight higher close, and its best winning run since March.
