Mmastodon BusinessMarkets first seen 10 h ago, last 50 min ago, peak #8
Stocks Rally as Fed Minutes Land Amid Cooling Rate-Hike Fears
Original: 🟠 UPDATE US Fed Minutes Release Amid Diminished Rate-Hike Prospects Major stock indexes rose sharply, with the Nasdaq Co
Major US stock indexes rose sharply, with the Nasdaq Composite hitting a new high, as investors digested the latest Federal Reserve minutes. The release came against a backdrop of diminished prospects for further rate hikes, reinforced by a US jobs report showing fewer positions added than expected. The 10-year Treasury yield pulled back following the employment data, with markets reading the combination as a signal that the Fed's tightening cycle may be nearing its end.
Why now: Traders are reacting to the Fed minutes and a weaker jobs report, which together point to fewer or no further rate hikes and lifted equities.
Federal ReserveNasdaq CompositeUS Treasury
Rank over time, top of the chart is #1. 8 snapshots from 10 h ago to 50 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/770150