Stocks gain as Fed rate hopes fuel continued rally
From Yahoo Finance: 2024-05-06 13:09:55
Boeing (BA) shares rose more than 1% ahead of its first planned astronaut launch to the ISS at 10:34 PM Eastern, which could pave the way for routine flights to the ISS. Tyson Foods (TSN) stock fell despite beating revenue estimates due to slower consumer spending. Disney (DIS) will release quarterly results on Tuesday, with investors watching streaming subscriber growth. Robinhood (HOOD) faces potential SEC enforcement action over violations related to US crypto business. Energy stocks led gains as oil prices inched higher. Stocks opened higher on hopes of Fed rate cuts this year, with Disney and Apple in focus.
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