Stock market today: Stocks gain as Fed rate hopes fuel continued rally

Stocks saw gains with the S&P 500, Nasdaq, and Dow Jones all rising, fueled by optimism for potential Federal Reserve rate cuts later in the year. This sentiment was bolstered by a recent jobs report that balanced positive news for both the markets and the Fed, leading to increased bets on rate reductions.

Federal Reserve officials, including John Williams and Thomas Barkin, indicated that future rate decisions will be data-driven, with Barkin expressing confidence in the effectiveness of current rates to manage inflation. Meanwhile, corporate news highlighted movements in stocks like Disney and Apple, with Disney preparing to release its quarterly results and Apple experiencing a slight dip after Berkshire Hathaway reduced its holdings.