Reported 1 day ago
On Monday, stock indexes soared with the S&P 500 and Nasdaq hitting all-time highs, supported by declining bond yields as the Federal Reserve is anticipated to cut interest rates by 25 basis points during the upcoming FOMC meeting. However, trade tensions with China, particularly involving chip manufacturers, have caused some market concerns. Overall, investor sentiment remains buoyed by expectations of more rate cuts by the Fed in response to weak economic indicators.
Source: YAHOO