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Markets are hooked on the "heroin" of potential Federal Reserve interest rate cuts, according to Morgan Stanley's chief US equity strategist Mike Wilson.
Tech Insider : Economy
A smiling trader works on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.
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An illustration of artificial intelligence, or A.I.
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Whether or not the US is in a recession is a politically charged debate.
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  • US stocks rose Tuesday as investors prepared to wrap up the first month of trade in 2023. 
  • The Nasdaq Composite was moving to a 9% increase for January. 
  • General Motors and Pfizer were in focus after quarterly earnings. 

Stocks edged higher Tuesday as investors wrap up gains in January with a fresh batch of earnings reports ahead of the Federal Reserve's next decision to raise interest rates.