US STOCKS-Wall St gains on rate cut prospects, soft landing hopes

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ID: 139116
June 19, 2024

Description

General Motors gains on share buyback plan

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U.S. Q3 economic growth higher than early estimates

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Indexes up: Dow 0.18%, S&P 0.62%, Nasdaq 0.88%

(Updated at 9:37 a.m. ET/ 1437 GMT)

By Shristi Achar A and Amruta Khandekar

Nov 29 (Reuters) - Wall Street's three main indexes rose on Wednesday as U.S. Treasury yields slipped to multi-month lows on growing rate cut optimism, while latest data on economic growth fueled hopes of a soft landing.

The S&P 500 and the Dow Jones are within a close range of their highest intra-day levels in 2023.

U.S.

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