Technology Stocks Drive S&P 500 to Unprecedented Highs in Last Moments of US Trading

Wednesday, 10 July 2024, 21:54
The S&P 500 experienced a notable surge in the final minutes of US trading session, boosted by a rally in major technology companies. Despite Federal Reserve Chair Jerome Powell's remarks to Congress, traders continue to anticipate rate cuts this year. The market achieved all-time highs as investors focus on bullish momentum and the impact of upcoming policy decisions.
Yahoo Finance
Technology Stocks Drive S&P 500 to Unprecedented Highs in Last Moments of US Trading

S&P 500 Spikes in Last 15 Minutes of US Trading: Markets Wrap

A significant surge marked the closing moments of the US trading session, driven by a rally in top tech companies.

Key Highlights:

  • Record Highs: S&P 500 reaches unprecedented levels
  • Market Response: Investors unfazed by Powell's statements on Fed rate cuts

Despite lingering uncertainties, the market witnessed a strong upturn underpinned by bullish sentiments.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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