S&P 500 index of major US companies registers near 100% gain on year ago amid expectation of interest rate cuts
A fall in US inflation expected to pave the way for further cuts in interest rates pushed stock markets to record highs on Friday.
Ending a week of gains that began when the Chinese authorities approved a huge economic stimulus package, the S&P 500 index of major US companies soared above 5,750 to register a near 100% gain on a year ago.
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Source link : https://www.theguardian.com/business/2024/sep/27/stock-markets-hit-record-highs-after-news-of-a-fall-in-us-inflation
Author : Phillip InmanJulia Kollewe
Publish date : 2024-09-27 17:06:20
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