On Friday, September 13th, U.S. markets closed higher as rising bets on a potential 50-basis point interest rate cut by the Federal Reserve boosted optimism. Small-cap stocks, particularly sensitive to rate changes, outperformed as hopes for a larger cut increased.
Economic data released indicated that consumer prices grew by 2.5% year over year, while wholesale prices rose 0.2% month over month in August.
All S&P 500 sectors closed higher, led by communication services, utilities, and industrial stocks.
The Dow Jones Industrial Average was up 0.72% and closed at 41,393.78. The S&P 500 ended the day higher by 0.54% at 5,626.00, and the Nasdaq Composite rose 0.65%, finishing the session at 17,683.98.
Asian Markets Today
Japan markets closed for Respect ...
