S&P 500, Nasdaq Build On Record Highs As Powell Testimony Keeps Rate Cut Hopes Alive

The S&P 500 and Nasdaq nabbed new record closes on Tuesday (and also each notched their sixth straight day of gains) as rate cut hopes remained intact after Federal Reserve chair Jerome Powell kicked off his semiannual update to Congress. The S&P 500 (^GSPC) finished just above the flatline to book its 36th record close [...]

Business Today08:28

Futu Morning Briefing | Powell: The Fed is carefully evaluating the timing of interest rate cuts; Tesla successfully achieved a 10-day consecutive increase.

Fed's "megaphone": Powell's important shift suggests rate cuts are imminent; A failed billion-dollar agreement? Oracle's stock dropped by 3%, while Musk's AI negotiation was reportedly terminated. Second-quarter shipments surged 21%! Apple leads the global PC market's recovery.

Futu News08:00

The US heavyweight CPI report is coming, which is the trading guide given by JPMorgan.

JPMorgan traders have categorized this week's US CPI report into six possible scenarios and predicted how the S&P 500 index will react to it. JPMorgan reminds investors to be prepared for the volatile fluctuations in the US stock market caused by the CPI report this week after a long period of calm.

wallstreetcn07:56

Made billions of dollars in profit in the second quarter! The bear market stays steady with no hindrance to the rise of US stocks.

According to the Zhitong Finance APP, in the second quarter of this year, bearish investors in the US stock market made significant profits. Despite the overall market continuing to rise, they successfully shorted some US symbols.

Zhitong Finance07:39

US stocks closed with the S&P hitting a new high. Tesla rose for the tenth consecutive day, while Nvidia rose nearly 2.5%.

Apple, Applied Materials, and Eli Lilly and Co's stock prices hit new highs again; China concept stocks are generally up, with Baidu up more than 8%.

wallstreetcn07:09

Fed's 'loudspeaker': Powell's important shift suggests rate cut is imminent.

Powell has made a subtle but important shift in the risks facing the Federal Reserve.

Golden10 Data07:02