Reported 12 months ago
US stocks surged as Federal Reserve chair Jerome Powell expressed optimism over recent economic data trends, highlighting progress towards disinflation. The S&P 500 and Nasdaq closed at record highs, driven by Powell's remarks and better-than-expected job data showing an unexpected increase in openings in May. Tesla's strong quarterly deliveries also boosted the market. Meanwhile, analysts foresee a promising earnings season and rising oil prices amid hurricane concerns and Middle East tensions.
Source: YAHOO