Reported 2 days ago
Stocks are seeing upward momentum as the S&P 500 hits a new record high and the Nasdaq 100 achieves a four-week peak, fueled by a surprising decline in US producer prices for August. Bond yields have dipped, further solidifying expectations of future Federal Reserve interest rate cuts. Notably, Oracle shares surged over 37% after a positive outlook for its cloud business, while geopolitical and economic concerns from Europe and China pose challenges. Overall, market indicators suggest a significant likelihood of interest rate reductions ahead.
Source: YAHOO