Reported 7 months ago
Wall Street saw the S&P 500 and Nasdaq hitting new record highs as investors were encouraged by milder consumer prices, indicating a slowdown in inflation and potential rate cuts by the Federal Reserve later this year. Dow e-minis were up 0.89%, S&P 500 e-minis up 0.85%, and Nasdaq 100 e-minis up 0.92% at 9:32 a.m. ET, reflecting positive market sentiment. This positive trend was attributed to cooling inflation, which raised hopes for future economic policy adjustments by the Federal Reserve.
Source: YAHOO