Sorafutures.com
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
Sorafutures.com
No Result
View All Result
ADVERTISEMENT

Stocks Reach New Highs on Rate Cut Optimism

Yuki by Yuki
04/07/2024
in Futures News
Stocks Reach New Highs on Rate Cut Optimism
ADVERTISEMENT

In a shortened trading session ahead of the Independence Day holiday, both the S&P 500 and Nasdaq set fresh records fueled by investor optimism for a potential rate cut in September. The S&P 500 (^GSPC) climbed 0.5% to a new peak of 5,537, building on its first-ever close above 5,500 the previous day. Similarly, the Nasdaq Composite (^IXIC) rose by approximately 0.9%, while the Dow Jones Industrial Average (^DJI) experienced a slight dip of 0.1%.

Investor sentiment was bolstered by disappointing economic data released Wednesday, which reinforced expectations of forthcoming monetary easing. Reports indicated a contraction in the US services sector at its fastest rate in four years, alongside a third consecutive monthly slowdown in private-sector job creation, with only 150,000 new jobs added in June — below market expectations.

ADVERTISEMENT

Market participants are now pricing in a 74% likelihood of an interest rate cut in September, according to CME‘s FedWatch tool. Concurrently, yields on 10-year Treasury notes (^TNX) declined by approximately 8 basis points, settling near 4.35%.

ADVERTISEMENT

The upcoming release of the June jobs report on Friday will be closely watched for further insights into the labor market’s trajectory amid broader economic indicators suggesting a potential slowdown.

ADVERTISEMENT

Related topics:

Billionaire Philippe Laffont’s Top AI Stock Picks

Tesla Stock Surges Over 10% Following Strong Q2 Vehicle Deliveries

Top 10 Stocks Are Considered As Futures[Revealed]

ADVERTISEMENT
Previous Post

Tomato Prices Surge in Chandigarh Apni Mandis

Next Post

Asia Stocks Reach 27-Month Highs Amid Rate Cut Expectations

Related Posts

TON Foundation Appoints Maximilian Crown as CEO Amid Slowdown
Futures News

TON Foundation Appoints Maximilian Crown as CEO Amid Slowdown

02/05/2025
China May Lift Tariffs on Key Petrochemical Imports
Futures News

China May Lift Tariffs on Key Petrochemical Imports

02/05/2025
Record Foreign Inflows into Japan as Investors Shun U.S. Markets
Futures News

Record Foreign Inflows into Japan as Investors Shun U.S. Markets

01/05/2025
Taiwan Unveils $12.6B Plan to Offset U.S. Tariffs
Futures News

Taiwan Unveils $12.6B Plan to Offset U.S. Tariffs

01/05/2025
Trump Media Explores Utility Token and Wallet
Futures News

Trump Media Explores Utility Token and Wallet

30/04/2025
China’s Factory Growth Slows Amid Tariff Pressure
Futures News

China’s Factory Growth Slows Amid Tariff Pressure

30/04/2025
China Confident in Growth Despite U.S. Tariffs
Futures News

China Confident in Growth Despite U.S. Tariffs

28/04/2025
MAS Warns of Trade War Impact on Growth and Inflation
Futures News

MAS Warns of Trade War Impact on Growth and Inflation

28/04/2025
TikTok to Launch E-Commerce in Japan
Futures News

TikTok to Launch E-Commerce in Japan

27/04/2025
Next Post
Asia Stocks Reach 27-Month Highs Amid Rate Cut Expectations

Asia Stocks Reach 27-Month Highs Amid Rate Cut Expectations

Global Markets Recap: Stocks Mixed Ahead of UK Election Results

Global Markets Recap: Stocks Mixed Ahead of UK Election Results

ICE Cotton Closes Lower Amid Thin Trade Ahead of Independence Day

ICE Cotton Closes Lower Amid Thin Trade Ahead of Independence Day

Please login to join discussion

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME coffee futures commodity futures copper futures Copper prices corn futures Corn prices crude oil futures crypto futures Dax Futures Dow futures ETF FTSE futures contracts gas futures gold futures Gold prices grain futures ICE Index Futures interest rate futures lumber futures micro futures Nasdaq futures Nifty Futures oil futures S&P 500 Futures S&P Futures silver futures Silver prices soybean futures Soybean price stock futures stock market sugar futures sugar price USDINR Futures wall street futures wheat futures wheat price

Recent Posts

TON Foundation Appoints Maximilian Crown as CEO Amid Slowdown
Futures News

TON Foundation Appoints Maximilian Crown as CEO Amid Slowdown

by Yuki
02/05/2025

The TON Foundation has announced the appointment of Maximilian Crown, co-founder of MoonPay, as its new CEO. This leadership change...

What Months Are Feeder Cattle Futures?

What Months Are Feeder Cattle Futures?

02/05/2025
China May Lift Tariffs on Key Petrochemical Imports

China May Lift Tariffs on Key Petrochemical Imports

02/05/2025
Alphabet Surpasses Q1 Expectations, Driven by Ads and Cloud Growth

Alphabet Surpasses Q1 Expectations, Driven by Ads and Cloud Growth

02/05/2025
Russia’s Crude Oil Exports Surge Despite Sanctions

Russia’s Crude Oil Exports Surge Despite Sanctions

02/05/2025
Which Is the Most Common Cattle Futures Disease?

Which Is the Most Common Cattle Futures Disease?

02/05/2025
How To Invest In Managed Futures?

How To Invest In Managed Futures?

02/05/2025
Record Foreign Inflows into Japan as Investors Shun U.S. Markets

Record Foreign Inflows into Japan as Investors Shun U.S. Markets

01/05/2025

Futures Quotes

Alphabet Surpasses Q1 Expectations, Driven by Ads and Cloud Growth

Alphabet Surpasses Q1 Expectations, Driven by Ads and Cloud Growth

02/05/2025
Russia’s Crude Oil Exports Surge Despite Sanctions

Russia’s Crude Oil Exports Surge Despite Sanctions

02/05/2025
Tesla’s European Sales Drop Amid Rising EV Competition

Tesla’s European Sales Drop Amid Rising EV Competition

01/05/2025
Investors Flock to Singapore’s Defensive Stocks Amid Tariff Uncertainty

Investors Flock to Singapore’s Defensive Stocks Amid Tariff Uncertainty

01/05/2025
Oil Faces Major April Loss Amid Trade War and Supply Increases

Oil Faces Major April Loss Amid Trade War and Supply Increases

30/04/2025
Gold Prices Decline in India Amid Market Adjustments

Gold Prices Decline in India Amid Market Adjustments

30/04/2025
Sorafutures.com

Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow's opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.

Recent Posts

  • TON Foundation Appoints Maximilian Crown as CEO Amid Slowdown 02/05/2025
  • What Months Are Feeder Cattle Futures? 02/05/2025
  • China May Lift Tariffs on Key Petrochemical Imports 02/05/2025
  • Alphabet Surpasses Q1 Expectations, Driven by Ads and Cloud Growth 02/05/2025
  • Russia’s Crude Oil Exports Surge Despite Sanctions 02/05/2025

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME cnbc stock futures coffee futures commodity futures copper futures Copper prices corn futures Comn prices crude oil futures crypto futures Cryptocurrency futures Dax Futures Dow futures ETF Exotic options

Useful Links

About us

disclaimer

Privacy Policy

Copyright © 2024 celebritycolumn.com

No Result
View All Result
  • Home
  • Futures News
  • Futures Quotes
  • Futures Types
  • Knowledge

Copyright © 2024 Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.