Overview
- The S&P 500 approached the 5,000 level, buoyed by positive earnings reports and Federal Reserve officials' remarks on interest rates.
- Fed speakers indicated that rate cuts are not imminent but suggested policy adjustments could occur within the year.
- Disney, Ford, and other companies reported strong earnings, contributing to market optimism.
- Investors are closely monitoring upcoming economic data, including jobless claims, to gauge the labor market's health.
- Central banks globally are reassessing rate cut expectations amid persistent inflation concerns.