Reported 1 day ago
The S&P 500 and Nasdaq 100 indexes surged to record highs on Friday following a less-than-expected US Consumer Price Index (CPI) report, which provided the Federal Reserve with more room to consider interest rate cuts. The report indicated a year-over-year CPI increase of 3.0%, slightly below market projections. Additionally, positive manufacturing and services PMI reports bolstered investor sentiment, despite some setbacks including a decline in consumer sentiment and ongoing trade tensions with Canada and China.
Source: YAHOO