US stocks were higher on Friday after Federal Reserve Governor Christopher Waller said that the FOMC could cut interest rates next week, while investors continued to assess geopolitical risks.
The three main stock indices were firmly in the green, enough to erase losses from earlier in the week. Waller noted that he doesn't expect tariffs to have a significant inflationary effect and favored the evidence of disinflation for the argument against higher rates, supporting equities on all sectors.
IN the meantime, President Trump stated that the decision to strike Iran would take up to two weeks to decide whether to strike Iran as there was still chance of a negotiation. Still, Washington maintained its hawkish rhetoric against Tehran and Israel continued to strike Iranian nuclear sites.
GMS soared 26% as QXO and Home Depot started the bidding war for the company. Also, CarMax soared 10% after delivering strong corporate results.
Source : Trading Economics
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