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Nasdaq Composite
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- 1Stocks Rally as Fed Minutes Point to Diminished Rate-Hike Odds▼🟠 UPDATE US Fed Minutes Release Amid Diminished Rate-Hike Prospects Major stock indexes rose sharply, with the Nasdaq Co
US major stock indexes rose sharply, with the Nasdaq Composite reaching a new high, as investors anticipated the release of Federal Reserve meeting minutes. The move came alongside weaker-than-expected US jobs data and a pullback in the 10-year Treasury yield, which together diminished expectations of further interest rate hikes. Traders are watching the minutes for confirmation of the Fed's policy stance.
- 2Nasdaq Jumps 319 Points as Rate-Hike Odds Fade▼Nasdaq Adds 319 Points as Rate-Hike Odds Ebb: Stock Market Today
The Nasdaq Composite rallied 319 points as investors grew less fearful of another Federal Reserve interest rate hike, according to Kiplinger's stock market wrap. Easing expectations for tighter monetary policy lifted risk appetite across Wall Street, with growth and technology shares among the main beneficiaries. Traders are watching incoming economic data for confirmation that the central bank's tightening cycle may be nearing an end, a shift that could set the tone for equities in the sessions ahead.