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 push equities back to record-high levels now that the Federal Reserve indicated that rate cuts are forthcoming.
But equities have since rebounded and are now hovering near all-time highs. The benchmark S&P 500's close on Friday put the broad market index less than 1% away from its record high set in mid July. The rebound has broadened out to the wider market, with the small cap Russell 2000 adding 3% following Powell's comments.
To be sure, Powell did not indicate when, or by how much, interest rates would be potentially lowered. Traders remain unanimous in their forecast for a rate cut at the Fed's September policy meeting, however, per the CME Group's
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