💨 Abstract

Global stocks rose on Friday, boosted by U.S. bank earnings and expectations for Fed interest rate cuts due to lower inflation and consumer sentiment. producer prices remained steady in September, indicating cooling inflation, allowing the Fed to continue cutting rates. stocks hit record highs, with the Dow, S&P 500, and Nasdaq advancing. Bank shares, such as JP Morgan and Wells Fargo, jumped nearly 5%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖