Stocks surged higher to end the week after the latest reading on inflation came in cooler than expected. That all but ensures that the Federal Reserve will cut interest rates at next week’s meeting and increases the likelihood of another cut in December.
Interest rates aren’t the only thing keeping the rally going. Earnings have been mostly positive and supports the idea of a broad-based rally to end the year.
However, that rally will still be led by technology stocks. Next week, investors will hear from most of the “big tech” stocks and that, combined with the Federal Reserve decision, may add even more fuel for stocks to move higher into 2026.
