Overview
Today, U.S. stocks closed higher as hopes for a Federal Reserve rate cut in September heightened. The CPI's decline has led analysts to anticipate a rate cut, contributing to the market reaching all-time highs.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
- Expectations of a Federal Reserve rate cut in September increased.
- Treasury Secretary Stevens commented on possible rate cut policies, igniting optimism.
- Funds rotated from big tech stocks to other sectors.
- The Russell 2000 index, centered on small-cap stocks, surged about 2%.
- President Trump suggested he might nominate Federal Reserve Chair Powell's successor soon.
Tomorrow's Economic Indicators
| Time | Economic Indicator |
|---|---|
| 9:30 PM | U.S. July PPI Growth Rate Report |
| 10:30 PM | U.S. Weekly Unemployment Claims |
| 11:30 PM | U.S. EIA Natural Gas Inventory Report |
General Opinion
Overall, the U.S. stock market rose today with optimism about potential changes in Federal Reserve policy, and this trend is likely to continue depending on upcoming economic indicators. Additionally, President Trump’s forthcoming nomination of Powell’s successor is drawing significant attention.
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daily stock summary
