From Nasdaq: 2024-07-03 12:57:34

Stock indexes are mixed today, with the Nasdaq 100 hitting a new high, trading closing early for the July 4th holiday. Weaker US economic news is boosting hope for Fed interest rate cuts. Defensive healthcare stocks are down. The US trade deficit widens, factory orders fall. Bond yields drop on dovish Fed outlook. Overseas markets are mixed. Interest rates rally on weak labor data. European bond yields fall. Eurozone PPI drops. ECB rate cut chances are priced in. Paramount Global, Tesla, mining, and chip stocks surge. Casino, healthcare, and cryptocurrency stocks fall. Simulations Plus and Azek Co. see declines. Earnings reports in play today.



Read more at Nasdaq: Stocks Supported as Weak US Economic News Bolsters Hopes for Fed Rate Cuts