News Formal

Stock market today: Big Tech surges as S&P 500 crosses 5,600 for first time

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Jerome Powell Nouvelles

Capitol Hill,Nasdaq Composite,Big Tech

Jerome Powell steps up for part two of his policy update to Congress, with investors on the alert for more clues to rate-cut prospects.

US stocks again soared to fresh all-time highs on Wednesday as Jerome Powell's remarks on Capitol Hill buoyed rate-cut hopes and Big Tech stocks piled on the gains. The S&P 500 rose 1% for a 37th record close this year, breaching 5,600 for the first time. The Dow Jones Industrial Average jumped 1.1%, while the tech-heavy Nasdaq Composite gained 1.2%. The S&P and Nasdaq were each higher for the seventh straight session.

Bets on interest rate cuts have helped keep stocks roaring as signs of slowing in the US economy pile up. Wall Street also looked to Washington for more optimism. In his semiannual testimony to Congress, Powell hinted the stage is almost set for lowering interest rates from two-decade highs, pointing to a cooling in inflation and in the jobs market. He also cautioned that keeping rates elevated for too long could weaken the economy, giving hope to rate-cut-hungry investors.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

S&P 500 tops 5,600, TD Cowen lifts Big Tech price targets: Yahoo FinanceThe S&P 500 is poised (^GSPC) for yet another record session as Wall Street braces for the start of the second quarter earnings season. Tech stocks are...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq set to jump as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq jump as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500 hovers near 5,500 level as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »