Overview
The U.S. stock market closed higher today with anticipation of rate cuts from the Federal Reserve. All four major indexes reached record highs, marking a rare occurrence that has happened only 25 times in the 21st century.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
News of a $5 billion investment from MVIDA into Intel brought vitality to the market. Intel's stock soared by 23%, with MVIDA shares rising by 3.5%. Additionally, weekly jobless claims saw the largest drop in nearly four years, signaling a robust labor market and contributing to the rise in Treasury yields.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| Noon | Japan Interest Rate Decision |
| 20:23 | Call Between U.S. President Trump and China's President Xi |
| Afternoon | U.S. Baker Hughes Oil Rig Count Release |
General Opinion
As the LNP 500 index continues to set consecutive record highs, concerns about a potential bubble arise, driven by high valuations and a narrow concentration of gains from a few tech stocks. Despite these concerns, the Federal Reserve's accommodative monetary policy remains a strong support. Investors are optimistic about the growth potential from AI and big tech. Low interest rates, strong corporate earnings, and the positive outlook from AI are expected to support continued growth in the global stock market over the next year.
