Wall St. rises as PPI data keeps smaller rate cut in view | REUTERS

wall Street's main indexes rose on Thursday after higher than expected producer prices data reinforced expectations for a quarter point rate cut by the Federal Reserve at its policy meeting next week the Dow gained more than half a percent the S&P 500 added 34 of a percent and the NASDAQ climbed 1% despite this year's gains David lungren portfolio manager at Little Harbor advisers said it's hard to categorize this as a Market but that actually makes him more optimistic for 2025 when you actually look at the peak in the market in 2021 most stocks are actually still down about depending on on the stock 17 to 20% relative to the 2021 uh Peak and so to me I think the most surprising thing next year could be a very strong bull market driven by things that are not mag seven it could be all the stocks that have been kind of left uh to the to the Wayside for the past three years that have been kind of going sideways while the fundamentals kind of get better and we actually unlock a pretty strong bull market next year among individual movers shares of madna fell more than 12% after the vaccine maker forast sales that were below analyst estimates Kroger shares rallied more than 7% after the supermarket chain beat second quarter estimates and raised the lower end of its annual sales forecast a deal between Warner Brothers Discovery and Charter Communications sent those companies shares up roughly 10% and 35% respectively Charter said it will provide ad supported versions of Warner's Max and Discovery plus streaming services and shares of gold miners jumped as spot gold hit another record high

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