U.S. stocks edged higher as hopes for an interest rate cut lingered. The S&P 500 neared its all-time high. Microchip Technology and Marvell Technology saw significant gains. Treasury yields eased on weak jobs data. The Federal Reserve may cut rates next week. Lower rates can boost investments and the economy.

Positive news for U.S. services businesses as growth exceeds expectations. Prices rising at a slower rate. The 10-year Treasury yield fell slightly. Bitcoin rebounded above $93,000. American Eagle Outfitters and Capricor Therapeutics saw significant gains. Microsoft and Macy’s were among the few losers on Wall Street.

Global markets saw mixed results. Japan’s Nikkei 225 surged on tech stock gains. SoftBank Group Corp. rose following reports of founder’s regret over selling Nvidia shares. Chinese markets fell due to weaker factory activity. Overall, U.S. markets performed well, with the S&P 500 hitting 6,849.72.

Read more at Yahoo Finance: Wall Street pulls near its all-time high