Markets today: U.S. stocks rise as Powell's remarks drive yields down

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Stocks joined bonds higher, with traders looking at prospects for Federal Reserve rate cuts after Jerome Powell cited signals the U.S. is back on a disinflationary path.

Markets today: U.S.

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Markets today: U.S. stocks climb and bond yields fall as Powell speaksStocks hit fresh all-time highs and bond yields slumped as traders waded through Jerome Powell’s remarks for more clues on the Federal Reserve’s next steps.
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Markets today: ‘Mag seven’ drive U.S. stocks toward all-time highsThe world’s largest technology companies drove stocks toward all-time highs, while bond yields fell with traders almost fully pricing in two Federal Reserve rate cuts in 2024.
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Markets today: tech lifts U.S. stocks as FedEx up in late hoursA rally in the world’s largest technology companies lifted stocks, with Nvidia Corp. climbing 7 per cent after a US$430 billion selloff.
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Markets today: Tech megacaps lift stocks after Nvidia’s selloffA rally in the world’s largest technology companies lifted stocks, with traders also wading through economic data and remarks from Federal Reserve speakers for clues on the outlook for rates.
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Markets today: tech hits U.S. stocks as Nvidia extends selloff to 13%Stocks lost traction as an about US$400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather.
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