Wall Street Rises Amid Hopes of Fed Rate Cuts, Dollar Slips
Key Points: Wall Street gained on optimism about Fed rate cuts and economic resilience. The Dow, S&P 500, and Nasdaq all saw increases. Fed officials hint at potential rate cuts in September. Goldman Sachs reduces U.S. recession expectations to 20%. European shares and FTSE 100 index rise; Nikkei falls. Sweden's central bank may cut rates by 50 basis points. The dollar slips, the euro strengthens, and gold retreats from historic highs. Oil prices dip amid concerns over Chinese demand. Wall...