Reported 7 months ago
On Tuesday, the S&P 500 and Nasdaq hit fresh records fueled by Apple's surge to all-time highs, while investors awaited consumer price data and the Federal Reserve's interest rate decision. After Apple's AI debut lifted shares by over 7%, the S&P 500 rose by 0.3% and Nasdaq by nearly 0.9%. The Dow Jones slipped by 0.3%. Uncertainty surrounds rate cuts as market data remains inconclusive. The two-day Fed meeting will likely keep borrowing costs steady amid anticipation for cues on future reductions in September or November.
Source: YAHOO