『Stocks Reach New Heights as Investors Anticipate Fed Rate Cut』のカバーアート

Stocks Reach New Heights as Investors Anticipate Fed Rate Cut

Stocks Reach New Heights as Investors Anticipate Fed Rate Cut

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 Today United States stocks reached new milestones, with the Standard and Poor’s Five Hundred climbing about zero point three percent to six thousand five hundred thirty two United States dollars and four cents, the Dow Jones Industrial Average dropping zero point five percent or two hundred twenty points to forty five thousand four hundred ninety United States dollars and ninety two cents, and the technology-heavy Nasdaq advancing about zero point zero three percent to twenty one thousand eight hundred seventy nine United States dollars and forty nine cents. Major indexes saw divergent moves as optimism about a Federal Reserve rate cut grew following a weaker than expected inflation report, which investors interpreted as an indication that price increases may be coming under control, according to Fortune and Seattle PI.

Technology stocks led gains, boosted by a remarkable surge in Oracle, which advanced more than thirty five percent after announcing aggressive growth in its cloud business fueled by artificial intelligence demand. Nvidia also added over three percent, continuing its leadership during the wave of investment into artificial intelligence. On the other hand, Apple was one of the biggest percentage decliners, retreating by over two percent and dragging the Dow lower after its latest product launch disappointed market expectations. HP Inc also lost more than two percent after a downgrade.

Utilities, communication services, and health care were the top performing sectors, each gaining about half a percent, while materials and consumer discretionary stocks lagged behind, with materials falling one point six percent according to Nasdaq. Most actively traded stocks included Oracle, Nvidia, Apple, Tesla, and Alphabet, with Oracle standing out as the biggest percentage gainer of the day. The biggest losers included Synopsys, falling over thirty five percent after missing profit expectations.

The most significant news event was the government’s downward revision of non-farm payrolls, trimming over nine hundred thousand jobs from prior estimates, a signal of labor market cooling that increased confidence in near-term rate cuts. The ten-year Treasury note yield fell to four point zero six percent, further supporting stocks, according to Nasdaq.

Looking to tomorrow, pre-market futures signal continued strength, with Standard and Poor’s Five Hundred and Nasdaq futures both up slightly. Listeners should watch for the key Consumer Price Index report, which is expected to provide insight into household inflation, and for any updates on the Federal Reserve’s policy outlook. Important upcoming earnings include reports from Chewy, Oxford Industries, and Barnes and Noble Education.

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