We saw outperformance from the technology sector which helped to boost major U.S. equities indexes to move higher on Wednesday (04 Dec).
Although Federal Reserve Chair Jerome Powell stressed that the central bank will take a cautious approach to future policy moves, optimism for another interest-rate cut at this month's Fed meeting remained intact. Data released by payroll processor ADP showing a slowdown in private-sector hiring during N...

U.S. stock indices hit historic highs, with the S&P 500, NASDAQ Composite, and Dow Jones Industrial Average rising by 0.61%, 1.3%, and 0.69%, respectively. This rally was fueled by Federal Reserve Chairman Jerome Powell’s speech, the latest Fed Beige Book report, and strong performance in technology stocks, particularly in AI and semiconductor sectors.
Powell’s Speech and Fed Report
Powell noted that the U.S. econ...

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