The S & P 500 reset its record high, and was mostly holding its advance on the final trading day of the week. A more than 6 per cent surge in Tesla helped pace the megacap techs higher.

The focus has shifted to next week’s Federal Reserve policy meeting, where a quarter point cut is expected. The probability of a 25 basis point cut stood at 94.5 per cent, according to the CME’s FedWatch Tool. The probability of a 50 basis point cut narrowed to 5.5 per cent from 11 per cent a week ago. Loading...

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