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The $Dow Jones Industrial Average(.DJI.US$ closed at a new record high of 40,211.72, gaining 0.5%. The $S&P 500 Index(.SPX.US$ rose 0.3%, and the $Nasdaq Composite Index(.IXIC.US$ increased by 0.4%. This rally was driven by investor optimism about potential rate cuts and positive earnings reports from major banks.
Key Drivers
1. Federal Reserve’s Stance on Inflation:
• Event: Fed Chairman Jerome Powell...
The $Dow Jones Industrial Average(.DJI.US$ closed at a new record high of 40,211.72, gaining 0.5%. The $S&P 500 Index(.SPX.US$ rose 0.3%, and the $Nasdaq Composite Index(.IXIC.US$ increased by 0.4%. This rally was driven by investor optimism about potential rate cuts and positive earnings reports from major banks.
Key Drivers
1. Federal Reserve’s Stance on Inflation:
• Event: Fed Chairman Jerome Powell...
![Dow Hits Record High as Fed Signals Rate Cuts](https://sgsnsimg.moomoo.com/sns_client_feed/101486278/20240716/5a53aedcf3c82918ab2b03158024452d.jpg/thumb?area=104&is_public=true)
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$YTL(4677.MY$ I have no eyes
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$JCY(5161.MY$ Entered the market at 0.66 and now it's almost back to the original price
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