⚠️BREAKING: *U.S. STOCKS END HIGHER AHEAD OF BIG TECH EARNINGS, DOW NOTCHES 11-DAY WINNING STREAK $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
As of Friday, second-quarter earnings are expected to decline by 7.9%, Refinitiv data showed.
"You've got an increasing belief that soft landing and an increasingly dovish Fed may occur," said Carol Schleif, chief investment officer with the BMO Family Office, adding some sideline cash is coming back to stocks. A majority of economists polled by Reuters expect this to be the last hike of the current tightening cycle, after data this month showed signs of disinflation.gained 18.3 points, or 0.40%, to 4,554.64 and the Nasdaq Composite added 26.06 points, or 0.19%, to 14,058.87.
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