A wave of U.S. trade deals with key allies over the past 24 hours reignited Wall Street's rally and boosted investor risk appetite across global markets.
The plan proposes loosening regulations and expanding energy supply for data centers, urging the federal government to withhold funding from states that have regulations hindering the development of emerging technologies.
Declines by overbought IT and communication services stocks weighed down on the Nasdaq Composite Index, which snapped its six-session winning streak and ended shy of its record high.
President Donald Trump emphasized that he’s repeatedly asked ‘Too Late’ Powell to lower interest rates, citing Europe’s consecutive rate cuts in comparison.
Wall Street opened the week on a risk-on footing, with the S&P 500 and the Nasdaq 100 extending record highs as strong earnings reinforced confidence in corporate America and investors continued to shrug off trade tensions.
