US Stock Indices Rise Collectively Over the Week

Major indices on Wall Street experienced a collective increase during the past week, following a rise in the last trading session on Friday, as chip company stocks and large corporations continued to climb. Investors are closely monitoring corporate earnings reports and any indications regarding the timing of interest rate cuts. According to data from CME's FedWatch, traders have reduced the odds of the Federal Reserve cutting interest rates for the first time in March to 61% from 65.1%. The market still anticipates potential cuts of up to 150 basis points by the end of the year, even as officials from the Federal Reserve, including Governor Christopher Waller, this week backpedaled on expectations for rapid monetary policy easing.