From Nasdaq: 2024-05-07 09:33:00

Wall Street closed higher, driven by tech stocks and optimism around potential Fed rate cuts. Dow Jones rose 0.5%, Nasdaq added 1.2%, and S&P 500 advanced 1%. Fear-gauge VIX remained at 13.49. Markets optimistic for rate cuts in light of stubborn inflation, pending economic data releases. Advanced Micro Devices and Super Micro Computer gained.

No economic data released. Stock markets optimistic. Latest Zacks #1 Rank stocks: Medical manufacturer gained +11,000%, Rental company dominating sector, Energy powerhouse increasing dividend by 25%, Aerospace and defense standout wins $80 billion contract, Giant Chipmaker building plants in U.S. Download free Special Report for potential stock picks.



Read more at Nasdaq: Stock Market News for May 7, 2024