US stocks drifted to more records on Tuesday, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite all closing at all-time highs. The S&P 500.
US stocks drifted to more records on Tuesday, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite all closing at all-time highs.
The latest discouraging report on the job market further cemented expectations for cuts to interest rates by the Federal Reserve. Traders are expecting the Fed will make its first rate cut of the year at its meeting next week. The government said its prior count of jobs across the country through March may have been too high by 911,000, or 0.6%. The bet on Wall Street is that such data will convince Fed officials that the job market is now the bigger problem for the economy than the threat of inflation worsening because of President Trump’s tariffs.
