Stock Indexes Rally to Record Highs on a Resilient US Economy
From Nasdaq:
The S&P 500, Dow Jones Industrials, and Nasdaq 100 closed at new all-time highs, fueled by optimism for Fed rate cuts after strong US economic reports. Initial unemployment claims fell, while manufacturing PMI and existing home sales unexpectedly rose. T-note yields fell on economic data, inflation expectations, and BOE decision. Stock movers included Micron, Guess?, and Goldman Sachs. Earnings reports for 3/22 included American Realty Investors and Atara Biotherapeutics.
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