Reported 12 months ago
On July 2, 2024, US stocks, including the S&P 500 and Nasdaq, closed at record highs after Federal Reserve Chair Jerome Powell noted positive progress in inflation data, reinforcing the market's rally. Powell highlighted the economy's 'disinflationary path,' prompting optimism among investors. The S&P 500 closed above 5,500 for the first time, while the Nasdaq surged to its record close at 18,028. The Dow Jones Industrial Average also saw gains as investors welcomed Powell's remarks and encouraging job openings data.
Source: YAHOO