Reported 2 days ago
The stock market saw a surge today with the Nasdaq and S&P 500 rising as strong earnings from tech giants Meta and Microsoft bolstered investor confidence. The Nasdaq gained about 0.8% while the S&P 500 rose 0.5%. Investors are now looking forward to after-hours earnings from Apple and Amazon. Meanwhile, inflation data showed price increases accelerated in June, keeping inflation above the Federal Reserve's target. The Fed recently held interest rates steady, leading to a slight reduction in the likelihood of a rate cut in September.
Source: YAHOO