US Edition
S&P 500, Nasdaq hit new closing highs on rate cut hopes
- On Wednesday, optimism about potential interest rate cuts helped push the S&P 500 and Nasdaq to record closing levels, despite uneven performance across various sectors.
- This followed Treasury Secretary Scott Bessent’s comments suggesting an aggressive half-point rate cut may be possible due to recent weak employment.
- Technology stocks within the Magnificent Seven showed weakness after prior gains, while healthcare and other sectors posted significant increases and investor interest shifted to new growth catalysts.
- The S&P 500 gained about 0.33% to 6,466.77 points, the Nasdaq rose 0.15% to 21,713.99, and the Russell 2000 index reached a six-month high, with 16.9 billion shares traded, below the 20-session average.
- These market moves suggest investor confidence in the Federal Reserve nearing a monetary easing cycle, although inflation effects from tariffs remain uncertain and earnings delivery remains key, according to Goldman Sachs.
40 Articles
40 Articles
The euphoria unleashed by the July inflation data continued for the second consecutive day in the US parks, leading to new records for Nasdaq and S&P 500. Again, investors filled the markets green in response to the Fed's expectations of a drop in rates, which Treasury Secretary Scott Bessent believes should reach half a point below the current 4,25-4,5.5%.Read more]]>
Stock Market Today: Dow, S&P 500, Nasdaq Set to Open Down; Bullish, Intel, Nvidia, More Movers; PPI Inflation Report; Bessent Talks Up Big Fed Rate Cut
Dow, S&P 500, and Nasdaq futures are falling in premarket trading as the stock market weighs up talk of mega interest rate cuts ahead of PPI inflation data.
Washington, United States. The New York Stock Exchange reached new peaks on Wednesday, driven by the prospect of monetary easing by the US Central Bank (Fed) after inflation in line with expectations.The Nasdaq (+0.14%) and S&P 500 (+0.32%) indices exceeded both their historical peaks, reaching respectively 21,713.14 and 6,466.58 points. Dow Jones advanced 1.04%. “It’s a market that is probably a little overrated, but there is currently a lot of…
Stocks Inch Up as Hopes for Interest Rates Go Global
US stocks ticked higher on Wednesday after a rally spurred by hopes for lower US interest rates wrapped around the world. The Dow rose 463.66 points, or 1%, to 44,922.27. The S&P 500 rose 20.82 points, or 0.3%, to 6,466.58. The Nasdaq rose...
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