Market Report - US Close

US close: Markets rise despite bank sell-off as rate-cut hopes increase

By Benjamin Chiou

Date: Friday 12 Jul 2024

(Sharecast News) - US stocks finished higher with the Dow topping the 40,000 mark for the first time in nearly two months despite a gloomy start to bank earnings season, as expectations of an interest-rate cut in September continued to climb.

Investors were largely shrugging off an upside surprise to...

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