Stock Market Today – 5/23: Stocks Firmly Higher, Dollar Eases Amid ‘Fed Put’ Talk

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The Street

By Martin Baccardax Hopeful talk of a pause in Fed rate hikes amid the worst run of weekly declines for the S&P; 500 in more than two decades has stocks trading higher Monday. U.S. equity futures moved firmly Monday, while the dollar extended declines against its global peers and Treasury yields stabilized, as markets looked to a cautious start to a crucial week of Fed rate signaling following one of the worst runs for domestic stocks in two decades. Growth and inflation bets continue to dominate investor sentiment as many of the underlying forces driving near-term inflation, such as Russia’s …

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