US stock indices gain ground after hefty losses yesterday

Economies.com
2024-05-24 14:57PM UTC

US stock indices rose on Friday amid attempts to recoup some of the hefty losses sustained yesterday due to uncertainty about Fed’s policies. 

 

The Fed’s meeting minutes showed continued concerns about inflation. 

 

Such concerns from Fed officials likely mean there won’t be an interest rate cut in the summer. 

 

On trading, Dow Jones rose 0.1%, or 31 points as of 15:55 GMT to 39,096, while S&P 500 rose 0.6%, or 30 points to 5,297, as NASDAQ rallied 0.8%, or 140 points to 16,876. 

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