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Barchart
Barchart
Rich Asplund

Stocks Climb on Optimism Fed Can Achieve a Soft Landing

US Federal Reserve the Dow Jones Industrials United States Goolsbee Kashkari Chicago Fed Minneapolis Fed Inflation Apollo Global Management Barclays

The S&P 500 Index ($SPX) (SPY) today is up by +0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.28%.

Stocks are climbing today, with the Dow Jones Industrials posting a new all-time high.  Optimism that the Fed can achieve a soft landing for the economy is lifting stock prices today. Minneapolis Fed President Kashkari and Chicago Fed President Goolsbee said today that they support additional Fed rate cuts this year. 

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