US stocks hit new records on fresh hopes of easing inflation | National
Stock markets rose on both sides of the Atlantic and gold hit new records Thursday as the both the European and US central banks indicated interest rate cuts could be on the way later this year.
On Wall Street, the broad-based S&P 500 and the tech-rich Nasdaq rose 1.0 percent and 1.5 percent, respectively, hitting new highs. The Dow Jones Industrial Average closed 0.3 percent higher.
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Lashay Rain
Update: 2024-05-27