Stocks Edge Higher on Rate Cut Hopes; S&P 500 Nears Bull Market Confirmation
• Wall Street edged higher as bets on interest rate cuts supported stock prices; S&P 500 is close to confirming a bull market • All three major indexes remain on track for monthly, quarterly and annual gains • Reaching new highs could signal economic strength in 2024, says Carson Group's Ryan Detrick • Data shows signs of softening but resilient economy, cementing bets of a Fed rate cut in March • Boeing fell as it urged airlines to inspect 737 MAX planes; CytoSorbents plunged on failed surgery device study