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US stock indices gain ground after hefty losses yesterday
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US stock indices gain ground after hefty losses yesterday
May 24, 2024 9:42 AM

US stock indices rose on Friday amid attempts to recoup some of the hefty losses sustained yesterday due to uncertainty about Feds policies.

The Feds meeting minutes showed continued concerns about inflation.

Such concerns from Fed officials likely mean there wont be an interest rate cut in the summer.

On trading, Dow Jones rose 0.1%, or 31 points as of 15:55 GMT to 39,096, while SP 500 rose 0.6%, or 30 points to 5,297, as NASDAQ rallied 0.8%, or 140 points to 16,876.

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