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Key Takeaways AI data center developer Fermi America filed earlier this week to go public as a real estate investment trust, a form of equity that differs in important ways from other stock investments.
1don MSN
Here's all of Wall Street's best investing advice now that the Fed's rate-cut cycle has begun
Wall Street is feeling bullish on areas like cyclical stocks, industrials, and small-caps as the Fed resumes its rate-cutting cycle.
On Wall Street, CarMax tumbled 22.3% after the seller of used autos reported a weaker profit for the latest quarter than analysts expected. It sold fewer vehicles during the quarter than it had a year earlier. It also was hurt because it increased its expectations for losses from loans made in earlier years.
Stock bulls looking for the next hot Wall Street trade are increasingly turning to the busiest corner of the US market this year — initial public offerings.
The stock market is shrugging off worries about a weakening labor market and stubborn inflation, instead embracing a much-anticipated interest rate cut.