Nasdaq and S&P 500 hit new highs as jobs data spurs rate cut hopes
The Nasdaq Composite (Symbol: NAS100) and the S&P 500 (Symbol: SP500) surged to fresh all-time highs, continuing their strong performance with market enthusiasm for artificial intelligence prospects and favorable economic data. With a “just ok” jobs report, traders returned from the Fourth of July holiday break with renewed vigor, pushing the indices higher.
Find out more about Nasdaq latest updates here.
Disclaimer:
The interplay between economic data and Fed policy will continue to drive market dynamics. The continued momentum in tech stocks, particularly those tied to AI developments, can be a good opportunity for trend trading. Risk management remains crucial, especially with the upcoming CPI report and Fed Chair Powell’s speech.
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