Reported 7 months ago
The Nasdaq and S&P 500 reached new record highs as investors reacted to lower-than-expected inflation rates and the Federal Reserve keeping interest rates steady with one projected cut by the year's end. Apple briefly exceeded Microsoft in market capitalization due to its AI initiatives. Overall, the market showed positive trends with record closes and small caps in the green after the inflation data. The market anticipates potential rate cuts, fueling optimism for a September cut and possible additional cuts according to Fed projections and market sentiment.
Source: YAHOO