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Август
2023

Stock market today: Wall Street begins to bounce back after a slow start to the week

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Wall Street pointed modestly higher after two straight days of losses amid signs the U.S. economy is chugging along nicely and that the Federal Reserve may not be done raising interest rates. Futures for the S&P 500 rose 0.2% before the bell Thursday and futures for the Dow inched up 0.1%. Minutes from the Fed’s latest meeting suggested board members are unsure of their next move. Traders had hoped the board would decide inflation was under control and last month’s rate hike was the last. Bond yields widened on expectations of another rate hike.














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