Market Optimism on Fed's Rate Cut Signals

Major U.S. stock markets ended Thursday's session mostly higher, buoyed by comments from Federal Reserve officials hinting at potential interest rate cuts. Fed Governor Christopher Waller expressed support for a rate cut as early as July, while San Francisco Fed President Mary Daly suggested the likelihood of two rate reductions this year.

Investor Focus on Trade Policies

Investors also kept a close eye on U.S. trade policies after President Donald Trump announced a new 50% tariff on copper, effective August 1. This move has added another layer of complexity to the market's outlook.

Market Performance Highlights

The Dow Jones Industrial Average rose by 0.43%, with American Express leading the gains at 2.49%. The S&P 500 advanced by 0.27%, significantly boosted by United Airlines Holdings' 14.33% jump. Conversely, the Nasdaq 100 dipped by 0.16%, with Atlassian Corporation experiencing a 9.43% decline.

In currency markets, the euro weakened against the dollar, trading at $1.16956 by late afternoon.