"US Stocks Teeter as Hopes for Fed Rate Cut Resurface"

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Source: Yahoo Finance
"US Stocks Teeter as Hopes for Fed Rate Cut Resurface"
Photo: Yahoo Finance
TL;DR Summary

US stocks were mixed as investors reacted to the possibility of the Federal Reserve cutting interest rates sooner than expected and revised data showing stronger-than-expected US economic growth in the third quarter. The Dow Jones Industrial Average ended slightly higher, while the S&P 500 and Nasdaq Composite both fell slightly. Interest rate-sensitive sectors, such as real estate and financials, led the gains. Investors are increasingly betting on an earlier interest rate cut by the Fed, with markets now pricing in a 78% chance of a cut by the end of May. GameStop stock soared over 20% as meme stocks and other speculative trades rebounded. General Motors stock also surged after announcing a $10 billion stock buyback plan and dividend increase.

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