U.S. stocks traded lower after The Wall Street Journal published a report saying 'Fed officials signal quarter-point rate cut likely at July...
U.S. stocks traded lower after The Wall Street Journal published a report saying "Fed officials signal quarter-point rate cut likely at July meeting." The S&P 500 SPX, -0.29% lost 7 points, or 0.2%, to 2,988 after rising as many as 9.49 points at session highs, the Dow Jones Industrial Average DJIA, +0.03% rose 19 points, or 0.
1%, to 27,242, though it traded more than 100 points higher earlier Friday afternoon. The Nasdaq Composite index COMP, -0.39% lost 26 points, or 0.3% to 8,181. The report said Fed officials "aren't prepared for bolder action by making a half-point cut, as analysts and traders have speculated in recent days," citing public remarks and interviews.
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