FX.co ★ US Stocks Rise for 4th Session

U.S. stocks made gains as investors reacted positively to a pause in the decline of Treasury prices across the yield curve, amid speculation that the Federal Reserve will implement multiple interest rate cuts this year. Major indices, including the S&P 500, Nasdaq 100, and the Dow, all rose by approximately 0.5%. New data revealed a significant drop in headline producer prices in April, reinforcing a trend of disinflation after this week's softer Consumer Price Index (CPI) data release. Additionally, several core components of retail sales contracted unexpectedly during this period, fueling hopes that the Fed might adjust its monetary policy to bolster the economy. The industrials, utilities, and pharmaceuticals sectors led the rally. Notably, General Electric (GE) saw its stock rise over 3% following Qatar's decision to exclusively use GE engines for Boeing’s largest wide-body aircraft order. Cisco also boosted the technology sector with favorable earnings results. Conversely, Walmart managed to recover some early losses but stayed in negative territory after issuing a warning that tariffs have compelled the retailer to raise prices this month. Furthermore, UnitedHealth Group's stock fell by approximately 14% amid reports that it is under investigation for potential Medicare fraud.