Heard on the Street Recap for Last Week: The Wait Out

U.S. stock markets recorded gains on Friday, with the Dow, S&P 500, and Nasdaq all closing around 0.6% higher. This followed a selloff in tech stocks on Thursday due to weak inflation data. However, most other sectors still made gains as hopes for an interest rate cut grew. Investors are wondering why they should wait until September for a rate cut when it is already being priced in.