Wall Street had a turbulent week, saved by a Friday rally after Fed Chair Powell hinted at possible interest rate cuts. Cyclical stocks like DuPont and Home Depot led gains, while tech stocks like Meta Platforms and Microsoft were less impacted. Disney launched its ESPN streaming app, but won’t disclose subscriber numbers. Palo Alto Networks beat earnings expectations, reassuring investors. Home Depot missed estimates but rallied on strong momentum. TJX Companies impressed with increased outlook. The CNBC Investing Club bought more Cisco shares after a decline. (Jim Cramer’s Charitable Trust is long DD, HD, BMY, COST, TJX, DIS, META, MSFT, PANW, CRWD, NVDA, CSCO)
Read more at CNBC: Why Fed chief Powell’s rate cut signal lifted our non-tech stocks the most
