From Nasdaq: 2024-09-19 11:22:33

The S&P 500 hit a record high, up 1.8%, with the Nasdaq 100 rising 2.9%. Jobless claims fell, boosting investor confidence. The Fed’s 50-basis-point rate cut aimed to prevent a recession without sparking financial panic, addressing inflation concerns. Global economic risks and seasonal trends may challenge market strength.

Bitcoin surged 5%, buoying risky assets. The 10-year Treasury yield rose to 3.73%, indicating strong investor confidence. Analysts anticipate continued stock market gains but warn of potential headwinds from global economic risks. Economic data on inflation and consumer confidence will be crucial for sustaining the rally. Central bank decisions in Japan and the Eurozone may influence global market sentiment.



Read more at Nasdaq: Quiver Morning Markets Wrap: Fed Rate Cut Drives S&P 500 to Record High