Reported 11 months ago
On the eve of the Federal Reserve's interest rate decision meeting, the US stock market's four major indices closed higher, with both the Nasdaq and S&P 500 hitting new record highs. Most economists and market observers expect the Federal Reserve to cut interest rates once or twice in September or December. Investors have prepared for the upcoming Fed meeting next week and key inflation data, leading to a turnaround on Monday as the S&P 500 rose by 0.2% and the Nasdaq index also increased by 0.3%, both setting new record highs. Nvidia rose by 0.75% in its first trading day after the stock split, the first gain in three trading days. Although Apple announced its AI strategy at the global developers conference, it did not impress the market, closing down by 1.91%.
Source: YAHOO