"If the S&P 500 finishes the day at a record, it would mark the latest time the U.S. stock market has powered past what appeared to be a debilitating set of worries. Most recently, those concerns centered on what the Federal Reserve will do with interest rates, whether too many dollars are flowing into artificial-intelligence technology, and if sharp drops for cryptocurrencies would bleed over into other markets."
"Renewed hopes for a cut to interest rates by the Fed at its meeting next week helped stocks recover those losses, which included some of their worst days since their sell-off during April. So did a continuing parade of companies saying they're making bigger profits than analysts had expected. Ulta Beauty helped lead the market on Friday and jumped 13.2% after the retailer reported stronger profit and revenue for the latest quarter than expected."
"Warner Bros. Discovery was also strong and rose 2.3%. Netflix said it would buy Warner Bros. for $72 billion in cash and stock following its pending split from Discovery Global. The deal for the company behind HBO Max, "Casablanca" and "Harry Potter" is not a sure thing, though. It could raise fears at the U.S. gove"
U.S. major stock indexes rose modestly with the S&P 500 nearing its record closing level from October as investor optimism returned. Hopes for a Federal Reserve interest-rate cut next week and encouraging corporate earnings helped reverse recent losses. Retailers Ulta Beauty and Victoria's Secret reported results and raised full-year sales forecasts, driving sizable stock rallies. Warner Bros. Discovery rose after Netflix announced a $72 billion cash-and-stock takeover proposal tied to a pending split, though the deal faces uncertainty and potential regulatory concerns. Overall market sentiment improved on profit beats and renewed monetary-policy hopes.
Read at Fast Company
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