US Stocks Climbing As Traders Bet On Rate-cut Hopes
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US Stocks Climbing As Traders Bet On Rate-cut Hopes
Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring Chinese trade data.
Federal Reserve Chair Jerome Powell told Congress that the central bank is largely in agreement that "more accommodative monetary policy may be appropriate." However, Trump accused China of "letting us down" by not purchasing US agricultural products as promised.
NEW YORK (Reuters) - U.S. stocks rose on Monday, hitting record highs again on hopes of a U.S.-China trade deal and an improving domestic economy. Traders work on the floor at the New York Stock..
NEW YORK (Reuters) - U.S. stocks rose on Monday, hitting record highs again on hopes of a U.S.-China trade deal and an improving domestic economy. Traders work on the floor at the New York Stock..
![Wall St. extends gains on trade optimism [Video]](https://video.newsserve.net/300/v/20191105/1572946211-Wall-St-extends-gains-on-trade-optimism.jpg)
![Wall St. Extends Gains On Trade Optimism [Video]](https://video.newsserve.net/300/v/20191104/1296703262-Wall-St-Extends-Gains-On-Trade-Optimism.jpg)
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