Wall Street rises toward records as its momentum keeps rolling
NEW YORK — U.S. stocks are rising toward records Monday as Wall Street’s momentum keeps driving it upward.
Some of the market’s best performing areas were ones that do best when former President Donald Trump’s chances for re-election look better. Trump Media & Technology Group, the company behind Trump’s Truth Social platform, soared 36.6%. Bitcoin rose back above $62,000 after Trump, who has portrayed himself as a crypto-friendly candidate, survived an assassination attempt over the weekend.
Stocks of big financial companies, which could benefit from a lighter regulatory touch from a Republican administration, were mixed following their latest earnings results. Such forecasts have been one of the forces pushing U.S. stocks toward records. So have encouraging reports on inflation, which have shown enough of a slowdown for much of Wall Street to expect the Federal Reserve will begin cutting its main interest rate in September.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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