From Investing.com: 2024-07-08 16:18:16

The S&P 500 closed at an all-time high for the fourth day in a row, despite caution before Jerome Powell’s testimony to Congress and key inflation data this week. Powell is set to testify on monetary policy and the Fed’s progress on inflation. Weaker labor data has increased hopes for rate cuts. Traders are pricing in a 72% chance for a rate cut in September. Second-quarter earnings season begins this week, starting with bank earnings on Friday. Paramount Global stock fell after a merger announcement, Boeing agreed to plead guilty, and Corning surprised with earnings.



Read more at Investing.com: S&P 500 ekes out win to record ahead of Powell’s testimony By Investing.com