Summary: Wall Street closed higher with gains in Dow, S&P 500, Nasdaq after tech rebound.

From CNBC: 2024-07-13 10:33:35

Wall Street closed higher this week, with the Dow up by nearly 1.6% and the S&P 500 and Nasdaq also seeing gains. The Nasdaq rebounded after Thursday’s tech-led selling. The cooling inflation seen in June didn’t rattle the market, with odds pointing to up to three Fed rate cuts. Q2 earnings season started, including Club rate plays like solar company Nextracker and Ford. Economy data, including retail sales and housing numbers are due next week, along with earnings reports from companies like Goldman Sachs and Abbott Laboratories. Jim Cramer’s Charitable Trust trade alerts come with wait periods before execution. CEO Morgan Stanley, Ted Pick, spoke at the World Economic Forum Annual Meeting.



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