Stock market today: S&P 500, Nasdaq eye fresh records as Powell notes inflation progress

US stocks rallied on Tuesday as investors digested fresh commentary from Federal Reserve chair Jerome Powell, who cheered the "disinflationary path" of recent economic data. The Dow Jones Industrial Average rose nearly 0.3%, while the S&P 500 added 0.4%. Meanwhile, the tech-filled Nasdaq Composite gained nearly 0.7%. Both the S&P 500 and Nasdaq were pacing for record closes. The market came off its lows just after 10 a.m.

14 million jobs open at the end of May, an unexpected increase from the 7.92 million job openings in April. For his part, Powell said he is encouraged by cooler inflation but reinforced that the central bank will need to see more evidence before cutting interest rates. He noted the latest inflation readings from April and May "do suggest that we are getting back on a disinflationary path." The 10-year Treasury yield nudged lower to 4.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: S&P 500, Nasdaq slip from records as Nvidia dipsNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: S&P 500, Nasdaq hover near record highs after retail sales missTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: S&P 500, Nasdaq hover near record highs ahead of retail sales dataTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »