Stocks Up, Bond Yields Down as Commodities Rise and Fall

By A.I and ME-P Staff Reporters

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  • Stocks: The stock markets rose today after Jerome Powell opened the door to interest rate cuts. The Dow soared to a new all-time high, while small-cap stocks in the Russell 2000 had a banner day.
  • Bonds: Yields fell while the chances of a rate cut after the Fed’s next meeting in September rose to 83%.
  • Commodities: Gold rose on rate cut hopes while oil fell as peace talks between Ukraine and Russia stalled. But the biggest winner is coffee: prices have risen for six straight days to cap off its biggest weekly gain since 2021.

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