Stock market today: S&P 500 jumps to best day in 5 months as tech rebounds, rate cuts come into view

NEW YORK — Big technology stocks drove a rally for U.S. indexes, as Wall Street grew even more convinced long-sought cuts to interest rates will be arriving soon. The S&P 500 jumped 1.6% Wednesday for its best day in five months. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite soared 2.6%.

“You would think, base case, that policy rates would move down from here, but I don't want to try to give specific forward guidance about when that might be, the pace at which it might happen," Powell said."That's really going to depend on the economy, and that's highly uncertain.” Meta Platforms rose 2.3% as investors waited for its profit report, which will arrive after trading closes for the day. Amazon and Apple will follow on Thursday, and they both rose at least 1.9%.

Boeing flew 5.2% higher after naming an industry veteran with a background in mechanical engineering as its next chief executive officer. That helped overshadow the aerospace company's reporting weaker results for the latest quarter than expected.

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: 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 »

Stock market today: S&P 500, Nasdaq eye fresh records as Powell notes inflation progressInvestors cautiously weighed the rate-cut odds ahead of crucial June jobs data, with Powell comments on deck.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: US futures tread water after S&P 500's record closeInvestors looked to fresh economic data for pointers on rate cuts as they got set for the July 4th closure.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: US stocks tread water after S&P 500's record closeInvestors looked to fresh economic data for pointers on rate cuts as they got set for the July 4th closure.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500 futures hold near record with June jobs data on deckInvestors are looking to the June jobs report for signs of more softening in the labor market that could lay the ground for rate cuts.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: The S&P 500 holds near record as jobs data landsInvestors are looking to the June jobs report for signs of more softening in the labor market that could lay the ground for rate cuts.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »