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The Guardian

Stock markets hit record highs after news of a fall in US inflation

The Guardianon



S&P 500 index of major US companies registers near 100% gain on year ago amid expectation of interest rate cutsA 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. Continue reading…



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 19:06:20

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Tags : The Guardian

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