Reported 1 day ago
The S&P 500 and Nasdaq 100 indexes have hit record highs, gaining support from falling bond yields as markets anticipate a 25 basis point interest rate cut by the Federal Reserve. Tesla's significant stock purchase by Elon Musk has pushed technology stocks higher, even as some chipmakers face declines due to regulatory issues in China. Economic indicators are mixed, with disappointing manufacturing results adding to concerns about a slowing economy, further fueling expectations for additional rate cuts by the end of the year.
Source: YAHOO