Stock market climbs on inflation relief as investors bet big on Fed rate cut
Stocks climbed again Wednesday as cooling inflation boosted investor hopes for a Federal Reserve rate cut next month. Futures rose across all major indexes after Tuesday’s record-breaking rally, keeping bullish momentum alive.
Futures rise as investors eye rate cuts
By early morning, U.S. stock futures pointed higher:
- S&P 500 futures: +0.2%
- Nasdaq 100 futures: +0.2%
- Dow Jones futures: +107 points (+0.2%)
These gains followed a strong Tuesday session:
- S&P 500: Closed up 1.1% at 6,445.76 (new record)
- Nasdaq Composite: Gained 1.4% to finish at 21,681.90 (also a record)
- Dow Jones Industrial Average: Rose 483 points to 44,458.61
- Russell 2000: Jumped nearly 3% as small-caps gained favor
Investors responded positively to a cooler-than-expected consumer price index (CPI) report,
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