Reported 4 months ago
The stock market saw the S&P 500 and Nasdaq hitting record highs fueled by a surge in Big Tech, with Nvidia's market cap surpassing $3 trillion for the first time. The rally was supported by hopes of interest rate cuts amidst signs of a cooling economy. Nvidia soared over 5%, leading the tech sector, while Apple also reached a market cap above $3 trillion. The decline in Treasury yields and expectations of a Fed rate shift added to the optimistic market sentiment.
Source: YAHOO