Positive.

From Nasdaq: 2024-07-03 09:24:00

Wall Street closed higher on Tuesday, with all major stock indexes ending in the green. The Dow Jones Industrial Average rose 0.4%, the Nasdaq Composite gained 0.8%, and the S&P 500 advanced 0.6%. Fed Chair Jerome Powell’s optimistic comments at a policy conference helped boost investor confidence.

Powell stated that the US is back on a “disinflationary path” but didn’t provide a timeline for rate cuts. Mega-cap growth stocks like Amazon and Alphabet rose in response to Powell’s remarks. Job openings in the US increased by 221,000 to 8.14 million in May, with a low vacancy-to-unemployment ratio noted.



Read more at Nasdaq: Stock Market News for Jul 3, 2024