The Nasdaq composite index reached a new record high as investors anticipated upcoming inflation data. Major U.S. stock indices rose, with the S&P 500 and Dow also gaining amid expectations of Federal Reserve rate cuts.
Investors are focusing on a light week of economic reports, with inflation data expected to influence the rate-cut trade. Treasury yields fell to five-month lows, and gold prices remained near record highs due to growing odds of Fed easing.
Key Market Movements
- Nasdaq: Record close
- S&P 500: Modest gains
- Dow Jones: Positive territory
This surge reflects broader market optimism despite recent weak jobs data. Source: Yahoo Finance