From Google News: 2024-08-07 01:20:34

Stocks surged as the BOJ’s decision to keep rates low eased investor worries. The yen weakened as a result. Tech shares led the market rally, with the S&P 500 and Nasdaq hitting new records. The Dow also saw gains, rising above 35,000 for the first time. This positive market sentiment followed Federal Reserve Chair Jerome Powell’s assurances that inflation fears are overblown. Oil prices also climbed, with Brent reaching $76 a barrel. Gold prices, however, remained steady. Overall, the market showed strong optimism in response to central bank actions and economic indicators.



Read more at Google News: Stocks Rally, Yen Drops as BOJ Eases Rate Worries: Markets Wrap – Yahoo Finance