NEW YORK: Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh US economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.
US consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!