Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPI

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Federal Reserve 뉴스

Nasdaq Composite,Record Highs

Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.

US stocks rallied on Wednesday, with all three major indexes closing at record highs as a soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected. The S&P 500 rose nearly 1.2%, closing at 5,308.18, above 5,300 for the first time ever. The Dow Jones Industrial Average jumped about 0.9%, or almost 350 points, creeping closer toward the 40,000 level. The tech-heavy Nasdaq Composite climbed about 1.

35%, its lowest level in a month, and sparked new bets on Fed rate cuts as soon as September. According to the CME FedWatch Tool, around 70% of traders now expect at least one cut by the September meeting, a notable increase from a week ago. Stocks have ground higher amid rekindled confidence that the US economy is in good enough shape for the Federal Reserve to start bringing down rates from their current historic highs. That optimism has fueled a resurgence in bullishness in the market.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 47. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market today: Dow nabs 8th straight winning session, S&P 500 marches back toward record highInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near recordTOKYO (AP) — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks rose in Tokyo,...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Stock market today: Wall Street rises to pull S&P 500 back within 1% of its recordNEW YORK (AP) — U.S. stocks rose to pull the S&P 500 back within 1% of its record following a rough April. The index climbed 0.5% Thursday. The Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 0.3%.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Stock market today: Dow pops for 7th straight day as S&P 500 climbs back above 5,200Stocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Stock market today: S&P 500 rises for 4th day, Disney sinks 9% after earningsResults from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »