Stocks are coming off of a winning week and are hovering once again near record levels.
Stock futures were little changed on Sunday as investors look to support equities at record-high levels now that the Federal Reserve indicated that rate cuts are forthcoming.
Stocks are coming off of a strong week that was highlighted by comments from Fed Chair Jerome Powell that interest rates cuts are imminent. Wall Street has been anxiously awaiting a rate cut, especially in light of some worrying economic data that sparked a sell-off at the beginning of August and worried investors that elevated borrowing costs could damage the U.S. economy.But equities have since rebounded and are now hovering near all-time highs.
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