Stocks Rise on Hopes Inflation Will Ease | What You Missed 5/24

Stocks rose after data showed American consumers tempered inflation expectations, bolstering sentiment regarding prospects for Federal Reserve rate-cuts this year. The S&P 500 rebounded after a two-day slide. When traders come back from the holiday weekend, the “T+1” rule will come into effect — making US equities settle in one day rather than two.
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