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Wall Street boasts record closes as inflation data fuels rate-cut bets
- The S&P 500 and Nasdaq reached record highs due to lower-than-expected inflation data.
- The Dow Jones Industrial Average surged 350 points with hopes of a September rate cut by the Federal Reserve.
- Tech companies like Nvidia, Apple, and Microsoft saw gains, and all three major indexes closed at record highs.
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36 Articles
36 Articles
Treasuries yield falls to lowest levels since beginning of April with greater optimism over interest rate cut by the Fed.
·Brazil
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How Boeing could face the criminal prosecution it avoided in 2021 | Honolulu Star-Advertiser
The U.S. Justice Department said Boeing breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution following fatal 737 MAX crashes in 2018 and 2019 that killed 346 people.
·Honolulu, United States
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The stock markets in New York have received a boost from disappointing inflation figures. The S&P 500 broad gauge and tech exchange Nasdaq set a new record as investors hope for more rate cuts this year. The so-called meme stocks of game store chain GameStop and cinema operator AMC fell sharply.
·Apeldoorn, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources36
Leaning Left13Leaning Right3Center15Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 42%
C 48%
Factuality
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