Reported 2 days ago
US stock markets experienced slight gains as investors reacted to a lower-than-expected inflation report, raising hopes for an interest rate cut by the Fed. The Dow remained flat while the S&P 500 fell, and the Nasdaq dropped nearly 0.6%. Positive sentiment was fueled by a trade agreement between the US and China aimed at stabilizing their trade relations. Current inflation data suggests a cooling trend, increasing the likelihood of potential rate cuts in the near future.
Source: YAHOO