2024-05-10 07:26:37 ET
Momentum is back in the markets, with major indices like the Dow ( DJI ), S&P 500 ( SP500 ) and Nasdaq ( COMP:IND ) all just 1% away from their all-time record highs. The bull run is continuing despite concerns that the Fed might hold rates higher for longer, with recent data tilting expectations toward future easing. Among those are higher-than-estimated jobless claims, rising unemployment, and slowing growth that could force the central bank's hand before it falls behind the curve....
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The Dow, S&P 500 and Nasdaq are 1% shy of their record highs