Stocks rise, Dow up 600 points, 3M beats expectations, Newell Brands historic rally

From CNBC: 2024-07-26 17:01:00

Stocks finished higher on Friday, with the Dow jumping more than 600 points. 3M saw its best day in over half a century after beating earnings expectations. The discussion around rate cuts may be premature, according to Torsten Slok. Jeremy Siegel believes the Fed should already be cutting interest rates. Newell Brands mounted a historic rally following earnings. Small-cap value stocks are outperforming, and Ford is headed for its worst week since March 2020. More than 40% of S&P 500 companies have reported earnings, with most beating expectations. The Russell 2000 is on track for a third-straight positive week. University of Michigan survey shows a lower inflation outlook. Stocks opened higher with 3M leading the gain.



Read more at CNBC: Stock market news for July 26, 2024