From Nasdaq: 2024-05-15 18:30:24

US stock indexes rallied Wednesday, with the S&P 500, Dow Jones, and Nasdaq 100 hitting all-time highs as bond yields fell. Retail sales, Empire manufacturing, and housing index reports came in weaker than expected, boosting the likelihood of Fed interest rate cuts. Q1 earnings reports have been positive, with many beating estimates. Interest rates fell on economic data and dovish Fed comments, while European government bond yields also dropped. Homebuilder and chip stocks were among the top gainers, while some companies like Boeing reported losses. Several companies reported positive earnings on Wednesday.



Read more at Nasdaq: Stock Indexes Post Record Highs as Economic Reports Bolster Rate Cut Hopes