Reported 7 months ago
Stocks hit all-time highs as inflation cools, bond yields slide, and bets on Federal Reserve rate cuts increase. S&P 500 climbs above 5,400 with tech sector leading gains, while Treasury yields drop and US dollar weakens against major currencies. Core consumer price index rises 3.4%, signaling potential for Fed rate cuts. Fed expected to hold rate steady but market anticipates cuts in September and later in 2024. Corporate highlights include Oracle, GameStop, and FedEx updates. Market updates show S&P 500, Nasdaq, and Dow Jones rising, while currencies and cryptocurrencies see mixed movements, and bond yields falling. Crude oil and gold prices rise amidst the changing market landscape.
Source: YAHOO