Bank Earnings Lift Wall Street, Gold Hits $4,200: What's Moving Markets Wednesday?
1. Wall Street rose on strong bank earnings and rate cut expectations. 2. Gold jumped 1% to $4,200 per ounce, up 60% year-to-date. 3. Market pricing in a 25-basis-point rate cut for October. 4. S&P 500 recovered from last week's decline, improving investor sentiment. 5. Investors optimistic despite trade concerns sidelined for now.