Stocks

Investors moved to rate-sensitive stocks after lackluster tech earnings raised AI return concerns and the Fed cut rates for the third time this year.

Lower mortgage rates, cheaper borrowing costs, and smaller returns on savings could be some of the effects of the Fed’s decision.

Cooling labor data, easing inflation, and firmer consumer sentiment boosted expectations for further Federal Reserve rate cuts next week.

Upbeat earnings from major retailers reinforced confidence that consumers remain engaged.

Investors moved to rate-sensitive stocks after lackluster tech earnings raised AI return concerns and the Fed cut rates for the third time this year.

Lower mortgage rates, cheaper borrowing costs, and smaller returns on savings could be some of the effects of the Fed’s decision.

Cooling labor data, easing inflation, and firmer consumer sentiment boosted expectations for further Federal Reserve rate cuts next week.

Upbeat earnings from major retailers reinforced confidence that consumers remain engaged.