Reported 27 days ago
US stocks saw an upward trajectory on Thursday, with the S&P 500 climbing 0.7% and the Nasdaq Composite gaining around 1%, marking their fourth consecutive days of gains. This surge was mainly driven by technology stocks reacting positively to inflation and labor data, suggesting a likely quarter-point interest rate cut from the Federal Reserve next week. Notable performances came from major firms like Nvidia and Meta, while Moderna's shares took a hit after lowering revenue forecasts.
Source: YAHOO