Fed officials hint at rate cuts, U.S. stocks rise during session

TechFlow news, April 24 — According to Jinshi Data, U.S. stocks rose during Thursday's trading session, with the Nasdaq briefly gaining over 2% and the S&P 500 climbing nearly 1.5%. The VIX volatility index hovered around 27. U.S. President Trump appears to be reevaluating some of his more aggressive stances on trade and Federal Reserve policy. "Since the market has already recovered a significant portion of its losses, it could begin to sustain this momentum," said David Lauter, chief investment officer at Abound Financial. "While the market recovery won't be a straight line, it's encouraging to see markets beginning to price in an environment where tariffs are removed." Bets that the Federal Reserve will cut interest rates earlier than expected provided a boost to equities. Federal Reserve Governor Waller stated he would support rate cuts if tariffs lead to job losses. Meanwhile, Cleveland Fed President Mester said officials could take action as early as June if there is clear evidence of economic trends.