Stocks are rallying to new record highs following bolstered rate cut expectations
Market Update: Stocks are rallying to new record highs following bolstered rate cut expectations.
$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Dow Jones(.DJI)$ are all up, led by a 1.5% gain in the Information Technology sector. Highlights include:
$NVIDIA(NVDA)$ : +3.26%
$Intel(INTC)$ : +26.54% after a significant equity stake announcement
$iShares Russell 2000 ETF(IWM)$ Russell 2000: Outperforming with a 1.4% gain, signaling broad market optimism for smaller-cap names.
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