Wall Street is ending the big Federal Reserve week on a fairly quiet note, with stocks holding at all-time highs as prospects for rate cuts bolster the outlook for corporate earnings.
While calls for a temporary breather emerged after an almost $15 trillion rally from April lows, bullish sentiment has prevailed. Officials have resumed easing policy at a time when the economy is still growing, sending a constructive signal for risk taking.
Stocks hold at record.
Source: Bloomberg
The S&P 500 held near 6,650, set for its third straight up week. While the a $5 trillion triple-witching options expiry looms over the market, several analysts …