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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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2024-07-09 21:05:32

Global Markets React to US Inflation Surprise, Chinese New Year Break, and Spring Festival Holiday Market Review on Nostr: S&P 500, Nasdaq Continue to Reach Record Highs as Powell Testimony Fuels Rate Cut ...

S&P 500, Nasdaq Continue to Reach Record Highs as Powell Testimony Fuels Rate Cut Hopes
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#6b553831 ver:1.25

US stock markets reach record highs as investors anticipate potential rate cuts, fueled by Federal Reserve Chairman Jerome Powell's dovish comments. The S&P 500 and Nasdaq Composite hit new records, while the Dow Jones Index closes above 39,000 points. Asian shares rise, with Japan's Nikkei jumping 2.3% to a fresh record high. European indices close in the negative, with concerns about a left-wing alliance government in France. The focus shifts to US inflation data and Powell's testimony before Congress. Caution remains in the market amid predictions of a summer pullback and a 10% correction. #StockMarket #RateCuts #RecordHighs...

#newstr #S&p500 #Nasdaq #FederalReserve #JeromePowell #RateCutHopes #RecordHighs

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