S&P 500, Nasdaq hit record highs as expectations of a Fed rate cut drive gains
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最新报道：According to Bijie.com, Wall Street remained calm on August 13th. In-line inflation data fueled speculation of a September Federal Reserve rate cut, driving stocks higher and short-term bond yields lower. All major sectors of the S&P 500 rose, with the index climbing 1.1% to a new record high. The Nasdaq 100 also reached an all-time high. The Russell 2000 index of small companies rose 3%. While initial gains in Treasury bonds have weakened, money markets are pricing in a roughly 90% probability of a Fed rate cut next month. The two-year Treasury yield, which is more sensitive to upcoming policy changes, fell 4 basis points to 3.73%. The dollar also weakened. US underlying inflation rose to its highest level since the beginning of the year, but slowly rising commodity prices eased concerns about tariff-driven pressures. In the stock market, renewed bets on low interest rates fueled a rally supported by continued enthusiasm for artificial intelligence and strong corporate earnings.
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