US Stocks Rise, Fed Discusses Rate Cut
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Inflation InsightsYahoo Finance
•Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cut
88% Informative
The S&P 500 closed at 5,620 . on Wednesday , less than 1% shy from its record close of 5,667.20 on July 16 .
Tech has once again led the market higher but the rest of the stock market has been along for the ride too.
Technology ( XLK ) and Communication Services ( XLC ), which includes several large tech companies, narrowly bested the index on the day .
Fed minutes: 'Vast majority' of officials saw a September cut as likely.
Ford cancels upcoming 3-row electric SUV, delays new EV plant and full-size EV pickup.
BigBear.ai (BBAI) shares rose nearly 40% on Wednesday as the company awarded a piece of a $2.4 billion defense contract with the US government.
Target stock jumped as much as 12% after the company reported better-than-expected second quarter results.
Macy 's reported another quarter of declining sales, a month after turning down a $6.9 billion buyout offer.
JD.com stock tumbled 12% in Hong Kong after Walmart sold its stake in Chinese e-commerce giant.
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