Investors Analyze Fed Official Comments as Wall Street Closes Higher

U.S. stocks rebounded, with the Dow rising 0.62%, S&P 500 up 0.24%, and Nasdaq up 0.18%, as investors digested comments from Federal Reserve officials suggesting that the central bank may be nearing the end of its tightening cycle. The market remained cautious ahead of the consumer prices report and the start of second-quarter earnings season. Analysts expect earnings to have fallen 6.4% in Q2. Chip stocks, including Intel, performed well, while Icahn Enterprises surged after Carl Icahn untied his personal loans from the trading price of his firm. Citigroup downgraded U.S. stocks to "neutral" and warned of potential recession risks.