Reported about 1 month ago
U.S. stocks ended a volatile August with gains, driven by encouraging inflation data that reinforced expectations of an interest rate cut by the Federal Reserve in September. The Dow Jones rose 0.6%, the S&P 500 gained 1%, and the Nasdaq Composite climbed 1.1%. This positive sentiment followed a stable Personal Consumption Expenditures index report for July, which indicated core inflation aligned with forecasts, boosting confidence in economic resilience. As investors shift focus away from technology earnings fluctuations, market optimism appears to be on the rise.
Source: YAHOO