Tech Rally Pushes U.S. Stock Indexes to Record Highs
Federal Reserve Chair Powell signals cautious rate cuts as AI-driven growth boosts markets and Bitcoin nears $100,000.
- The Dow Jones, S&P 500, and Nasdaq all closed at record highs, driven by strong performances from tech stocks like Nvidia, Amazon, and Salesforce.
- Federal Reserve Chair Jerome Powell highlighted the U.S. economy's strength, suggesting a cautious approach to future interest rate cuts.
- Salesforce stock surged 11% after exceeding revenue expectations, with its AI offerings cited as a key driver of growth.
- Bitcoin approached the $100,000 milestone following pro-cryptocurrency signals from President-elect Trump’s SEC chair nominee, Paul Atkins.
- Weaker-than-expected labor market data fueled optimism about further rate cuts at the Federal Reserve's December meeting.
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