Stock Market Update
26-Aug-24 14:40 ET
SF Fed Pres. Mary Daly supports rate cuts
Dow +61.27
at 41236.35,
Nasdaq -137.90
at 17739.89,
S&P -15.70
at 5618.91
[BRIEFING.COM] The major indices continue to trade in a lateral flow. Volume remains below-average to this point in the session amid ongoing vacation schedules ahead of Labor Day.
San Francisco Fed President Mary Daly (FOMC voter) said she believes the time has come for rate cuts, according to Bloomberg, echoing Fed Chair Powell's commentary on Friday.
Separately, copper futures settled 0.2% higher at $4.22/lbs.
