Stocks have benefited recently from increasing hopes of a Federal Reserve (Fed) rate cut, pulling the S&P 500 Index back to within 2% of its record high set April 30. But just how much help would a potential rate cut this summer actually provide?
This past week I was asked to moderate a panel of visiting Chinese officials with US technology investors. The event, sponsored by the government of Nanking in cooperation with CNBC Asia, was well attended and provided a fascinating insight into relationships between China and US economic interests.
The Week on Wall Street
Stocks advanced for a second straight week. The S&P 500 benchmark rose 0.47%; the Nasdaq Composite, 0.70%; the Dow Jones Industrial Average, 0.41%. Overseas shares, as tracked by the MSCI EAFE developed markets index, added 0.20%.[i],[ii]
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