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Benzinga
Benzinga
Business
Piero Cingari

Wall Street Gains On Rate Cut Bets, GE Hits Record Highs: What's Moving Markets Thursday?

the Federal Reserve US Federal Reserve Interest Rates United States
New,York,Ny,Usa-march,21,,2024,The,New,York,Stock

Risk appetite returned to Wall Street on Thursday, as signs of labor market cooling in August cemented expectations that the Federal Reserve will begin cutting interest rates at its Sept. 17 meeting.

The ADP National Employment Report showed just 54,000 jobs were added in August, a steep decline from 106,000 in July and well below the 65,000 median forecast.

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