123 articles | last updated: Jul 12 20:19:23
Investors react to cooling inflation and rate cut prospects, pushing the Dow above 40,000.
- The Dow Jones Industrial Average rose over 400 points, exceeding 40,000 for the fourth time in its history.
- Cooling inflation data has increased the likelihood of Federal Reserve rate cuts in September.
- The S&P 500 and Nasdaq also saw gains, with all sectors of the S&P 500 posting increases.
- Small-cap stocks continued their upward trend, with the Russell 2000 gaining for a second consecutive day.
- Bond yields have fallen as market expectations for rate cuts solidify.
People, Places and Things In This Story
- Federal Reserve System Central bank
- Dow Jones Industrial Average Stock market index
- Russell 2000 Index Stock market index
- S&P 500 Stock market index
- Nasdaq Stock exchange
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