✉news BusinessMarkets first seen 8 h ago, last 1 h ago, peak #5
Nasdaq Rallies 319 Points as Rate-Hike Odds Fade
Original: Nasdaq Adds 319 Points as Rate-Hike Odds Ebb: Stock Market Today
US stocks climbed, with the Nasdaq gaining 319 points as investors grew less confident that the Federal Reserve will raise interest rates further. The rally reflected optimism that the rate-hiking cycle may be near its end, lifting risk appetite across markets. Traders are watching upcoming economic data and Fed commentary for confirmation of the shifting rate outlook.
Why now: Investors are reacting to easing expectations of another Federal Reserve rate hike, which boosted equities.
Rank over time, top of the chart is #1. 5 snapshots from 8 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/777504