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Stock futures calmed Tuesday evening after Wall Street saw the S&P 500 index close at an all-time high.
futures tied to Dow Jones Industrial Average It fell by 6 points, or less than 0.1%. S&P500 futures and Nasdaq 100 futures It was also within 0.1% of the flat line.
The move in futures came on the heels of a rally in stock prices on Tuesday. S&P500 and Nasdaq Composite Each will increase by more than 1%.
Stocks rose despite a consumer price index that showed inflation was slightly higher than expected in February, making the outlook for when the Federal Reserve will start cutting interest rates even more uncertain. Notably, stock prices soared even as bond yields rose.
“I don’t think it’s the Fed that is going to disrupt this cycle. Ultimately, the end of this expansion will be based on whether there are any shocks… or if not. You could end up in a situation that we’re going through.” Gabriela Santos, global market strategist at JPMorgan Asset Management, considers the “closing bell” quite late in the cycle. Said it was necessary.
The bull market in stocks has shown signs of widening in recent weeks, but chipmakers Nvidia It continues to be an important indicator. Nvidia stock rose more than 7% on Tuesday, erasing nearly all of its losses over the past two sessions and bringing its year-to-date gain to about 86%.
Earnings season is coming to an end; dollar tree A report is expected on Wednesday morning.home builder lenner We plan to announce the results after the competition ends.
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