U.S. Stock Market Reaches New Heights Ahead of Key Inflation Report
The U.S. stock market achieved record-breaking levels recently, with the Dow Jones and S&P 500 both closing at all-time highs as investors eagerly anticipated an upcoming Consumer Price Index (CPI) report. Recent Fed minutes indicated support for a potential 50 basis point rate cut, further fueling market optimism. Oil prices have slipped, adding to the buoyant market sentiment. Despite some premarket challenges for major companies like Alphabet and Boeing, the overall equities sector demonstrated strong performance, with significant gains witnessed across various indexes. As traders remain focused on upcoming economic data and earnings reports, the market appears poised for continued bullish trends.
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