Published 2 months ago

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.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

Reuters

Wall Street boasts record closes as inflation data fuels rate-cut bets

The benchmark S&P 500 and the Nasdaq notched record closes on Wednesday, with both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered hopes for interest rate cuts by the Federal Reserve.

2 months ago·United Kingdom

Read Full Article

Associated Press News

Stock market today: Asian shares advance after another round of Wall St records

Asian shares are higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. Tokyo gained 0.8% even after the government reported that

2 months ago·United States

Read Full Article

Sydney Morning Herald

ASX rises as inflation relief buoys Wall Street; Aristocrat jumps

The Australian sharemarket advanced in early trade after US inflation figures boosted hopes for rate cuts in the world’s largest economy, igniting a rally on Wall Street.

2 months ago·Sydney, Australia

Read Full Article