US equity indices kick off trade higher on Friday. (Photo source: Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Wall Street traders pushed US stocks higher ahead of earnings season, buoyed by optimism that potential Federal Reserve rate cuts will continue to fuel corporate growth.

Despite lingering worries about overheated valuations, the S&P 500 was set for a second consecutive weekly gain.

As of 08:20 p.m., the Dow Jones Industrial Average was trading 0.30% higher, the S&P 500 was also up 0.18% while the Nasdaq Composite rose 0.21%.

“An accommodative Fed, fiscal stimulus in the pipeline, favorable seasonals, an expected solid Q3 EPS season and AI enthusiasm suggests that stock’s momentum will continue,” said Chris Senyek at Wolfe Research to news agency Blo

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