✉news BusinessMarkets first seen 2 d ago, last 1 d ago, peak #33
Nasdaq 100 Rises as Inflation Data Eases Rate Fears
Original: Nasdaq 100 Climbs as Cooler PCE Cuts Rate Hike Bets, Micron Earnings Loom: Stock Market Today
The Nasdaq 100 climbed after new PCE inflation figures came in cooler than expected, reducing expectations of further Federal Reserve rate hikes. Investors are now turning attention to Micron's upcoming earnings report for signals on the semiconductor sector and broader tech outlook.
Why now: Cooler inflation data shifted interest rate expectations, moving markets ahead of Micron's earnings.
Nasdaq 100Federal ReserveMicron
Evidence
- Nasdaq 100 Climbs as Cooler PCE Cuts Rate Hike Bets, Micron Earnings Loom: Stock Market Today · Benzinga
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