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U.S. stocks closed strongly | The three major Indexes all rose by over 1%, with Tesla and NVIDIA rebounding nearly 4%; the Cryptos Concept regained upward momentum, with Strategy rising over 6%.
Traders expect that the Federal Reserve will cut interest rates twice by December, with the expectation for a rate cut of at least 25 basis points at the Fed's June meeting rising, and the probability has increased from about 70% the previous trading day to 79.1%.
Is XPeng Gaining or Losing Market Support?
Archer Aviation's Stellantis Deal, Launch Program Strengthen Growth Prospects, FAA Certification Looms
CORRECTION: Shares Of Chinese Stocks Are Lower
Shares of Chinese Stocks Are Trading Higher After President Trump Said Tariffs on Chinese Imports Would Double to 20%, Further Raising Trade Tension Concerns.
Bloom Energy Posts Q4 Beat: Margin Profile Remains Below Industry Average, Analyst Says