The S&P 500 turned positive in late morning trade on hopes that more rate cuts from the Federal Reserve might still on the table for 2025.
Fed governor Christopher Waller said he sees potential for up to four more cuts this year, in an interview with CNBC.
The S&P 500 was up about 0.2% at last check, while the Nasdaq was 0.2% higher and the Dow was off less than 0.1%, according to FactSet.
Traders also were bracing late in the session for a senate confirmation hearing for Scott Bessent, President-elect Donald Trump’s nominee to head the Treasury Department, with a hope of getting an early read on the administration’s tax, tariff and immigration policy goals.