Bargain hunting, hopes for interest rate cuts, relief over the expiration of the tariff deadline, and positive corporate headlines buoyed market bulls.
U.S. stocks roared back after retreating for a week. The S&P 500 Index edged closer to a record closing this week, while the Nasdaq hit a new high, driven by bargain hunting, hopes for interest rate cuts following last week’s weak labor market data, and relief over the expiration of the tariff deadline.
Meanwhile, positive corporate headlines and a couple of Initial Public Offerings (IPOs) kept traders and investors excited throughout the week.
