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Techs Lead On AI, Rate-Cut Optimism; Arista Networks, Dycom, TransDigm In Focus
Stocks started off strong as tech earnings revived AI optimism, then added to gains as Fed chief Jerome Powell sees rate cuts starting as soon as September. The S&P 500 rallied above its 50-day line while the Russell 2000 hit a fresh multiyear high. But a slew of earnings and other news is still on tap this week.
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By Investor's Business Daily
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Stocks started off strong as tech earnings revived AI optimism, then added to gains as Fed chief Jerome Powell sees rate cuts starting as soon as September. The S&P 500 rallied above its 50-day line while the Russell 2000 hit a fresh multiyear high. But a slew of earnings and other news is still on tap this week.
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