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U.S. Stocks Hit Record Highs as Cooling Inflation Fuels Rate-Cut Bets
Wall Street surged Thursday with the Dow breaching 47,000 for the first time after CPI data confirmed a cooling inflation trend. The S&P 500 gained 0.8% and Nasdaq advanced 1.1%. Lower inflation reinforced expectations of a Fed rate cut in November, with traders pricing a 72% probability. Analysts said the rally reflects confidence that the soft-landing narrative is intact and that corporate earnings can sustain momentum into Q4 despite global uncertainties.
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- US
- markets
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positive
U.S. Stocks Hit Record Highs as Cooling Inflation Fuels Rate-Cut Bets
Wall Street surged Thursday with the Dow breaching 47,000 for the first time after CPI data confirmed a cooling inflation trend. The S&P 500 gained 0.8% and Nasdaq advanced 1.1%. Lower inflation reinforced expectations of a Fed rate cut in November, with traders pricing a 72% probability. Analysts said the rally reflects confidence that the soft-landing narrative is intact and that corporate earnings can sustain momentum into Q4 despite global uncertainties.
Tags:
- US
- markets
Explore:Mutual Fund Tools
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Dow crosses 47,000 and U.S. markets hit record highs as easing inflation strengthens expectations for a Federal Reserve rate cut in November.
Wall Street surged Thursday with the Dow breaching 47,000 for the first time after CPI data confirmed a cooling inflation trend. The S&P 500 gained 0.8% and Nasdaq advanced 1.1%. Lower inflation reinforced expectations of a Fed rate cut in November, with traders pricing a 72% probability. Analysts said the rally reflects confidence that the soft-landing narrative is intact and that corporate earnings can sustain momentum into Q4 despite global uncertainties.
Wall Street surged Thursday with the Dow breaching 47,000 for the first time after CPI data confirmed a cooling inflation trend. The S&P 500 gained 0.8% and Nasdaq advanced 1.1%. Lower inflation reinforced expectations of a Fed rate cut in November, with traders pricing a 72% probability. Analysts said the rally reflects confidence that the soft-landing narrative is intact and that corporate earnings can sustain momentum into Q4 despite global uncertainties.
Tags:
- US
- markets
- US
- markets
- inflation
- Federal Reserve
- stocks