Reported 28 days ago
U.S. stocks closed higher after a mixed day, with the S&P 500 rising over 1% and the Nasdaq gaining almost 2.2%, led by Nvidia's significant surge following a positive conference. Investors reacted to an inflation report indicating a decrease in consumer price increases, although core prices slightly exceeded expectations, casting doubts on the Federal Reserve's upcoming rate cut plans. Current forecasts lean towards a modest 25 basis point cut next week, down from earlier expectations of a 50 basis point reduction, after inflation results influenced market sentiment.
Source: YAHOO