Reported 1 day ago
On Monday, U.S. stock indexes reached new record highs, with the S&P 500 up 0.44%, the Dow Jones up 0.14%, and the Nasdaq up 0.55%, driven by gains in semiconductor and AI infrastructure stocks. Despite a backdrop of mixed economic signals and hawkish comments from Fed officials about interest rates, the markets reacted positively to rising corporate earnings expectations and a weaker labor market outlook, which may allow the Fed to cut rates further. However, Bitcoin saw a drop of over 2%, reflecting pressures in crypto markets as stock gains continued.
Source: YAHOO