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Global Markets React to US Inflation Surprise, Chinese New Year Break, and Spring Festival Holiday Market Review /
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2024-07-16 17:01:08

Global Markets React to US Inflation Surprise, Chinese New Year Break, and Spring Festival Holiday Market Review on Nostr: US Stocks Rise as Dow and S&P 500 Reach Record Highs on Retail Sales Surprise ...

US Stocks Rise as Dow and S&P 500 Reach Record Highs on Retail Sales Surprise
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#6b553831 ver:1.45

US stocks reach record highs on retail sales surprise, fueled by tech stocks and hopes of Fed rate cut. Trump Media & Technology Group surges 31.4%, Bitcoin rises above $63k. Analysts forecast 9.3% growth for S&P 500 companies. Skeptics warn of potential 10% stock price drop due to inflation and slow economic growth. Burberry shares fall 16.1% after CEO appointment, Macy's tumbles 11.7% after ending buyout talks. Chinese indexes mixed, European markets slip. US benchmark crude oil at $81.26 per barrel. Dow Jones up 1.4%, S&P 500 up 0.4%. Retail sales flat but better than expected. Fed rate cut expected in September....

#newstr #UsStockMarket #Records #TechStocks #InterestRates #EarningsReports #Inflation #EconomicGrowth #GlobalStocks #UsRetailSalesData #WallStreet

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