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by Luzi Ann Santos | moomoo News
U.S. stocks advanced as $NVIDIA(NVDA.US$, $Microsoft(MSFT.US$, $Amazon(AMZN.US$ and $Meta Platforms(META.US$ rebounded after the latest U.S. economic data bolstered the case for the Federal Reserve to start cutting interest rates in the next few months.
The $S&P 500 Index(.SPX.US$ rose 1.1% to close at 5459.10, while the tech-heavy $Nasdaq Composite Index(.IXIC.US$ gained 1.03% to 17,...
U.S. stocks advanced as $NVIDIA(NVDA.US$, $Microsoft(MSFT.US$, $Amazon(AMZN.US$ and $Meta Platforms(META.US$ rebounded after the latest U.S. economic data bolstered the case for the Federal Reserve to start cutting interest rates in the next few months.
The $S&P 500 Index(.SPX.US$ rose 1.1% to close at 5459.10, while the tech-heavy $Nasdaq Composite Index(.IXIC.US$ gained 1.03% to 17,...
![Microsoft, Amazon, Nvidia Lift S&P 500, Nasdaq Higher | Wall Street Today](https://ussnsimg.moomoo.com/sns_client_feed/77777011/20240727/1722022603607-c489007d45.png/thumb?area=999&is_public=true)
![Microsoft, Amazon, Nvidia Lift S&P 500, Nasdaq Higher | Wall Street Today](https://ussnsimg.moomoo.com/sns_client_feed/77777011/20240727/1722025631835-239163a042.png/thumb?area=999&is_public=true)
![Microsoft, Amazon, Nvidia Lift S&P 500, Nasdaq Higher | Wall Street Today](https://ussnsimg.moomoo.com/sns_client_feed/77777011/20240727/1722023708028-ddffd05a40.png/thumb?area=999&is_public=true)
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GDP doubled, the number of people receiving initial unemployment benefits fell, and PCE was higher than expected. If interest rates were cut in September, it would be a real political interest rate cut, and the consequences would be endless.
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Good afternoon, traders. Happy Thursday, July 25th. The market is turning sideways, but big tech is climbing back up after dropping Wednesday: earnings season is hurting stock gains enjoyed so far this year.
My name is Kevin Travers, here are stories from the herd on Wall St today.
$Ford Motor(F.US$ stock is moving 18% lower on Thursday after the company missed analyst EPS estimates for the 2024 fiscal year's second quarter. The co...
My name is Kevin Travers, here are stories from the herd on Wall St today.
$Ford Motor(F.US$ stock is moving 18% lower on Thursday after the company missed analyst EPS estimates for the 2024 fiscal year's second quarter. The co...
![Market Tech like Nvidia, Tesla Climbing Again | Herd on Wall St.](https://1500015405.vod2.myqcloud.com/f7703b98vodtransuse1500015405/b017a6bf1253642701825196822/coverBySnapshot/coverBySnapshot_10_0.jpg)
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Columns US Q2 GDP Recap: The Economy Expanded by a Robust 2.8% Rate, Significantly Surpassing Expectations
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate. Economists polled by Dow Jones anticipated a 2.1% growth rate following a 1.4% rise in the first quarter.
Bureau of Economic Analysis noted that, compared to the first quarter, the acceleration in real GDP in the second quarter primarily reflected an upturn...
Bureau of Economic Analysis noted that, compared to the first quarter, the acceleration in real GDP in the second quarter primarily reflected an upturn...
![US Q2 GDP Recap: The Economy Expanded by a Robust 2.8% Rate, Significantly Surpassing Expectations](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240725/e938f6500af248e4939225828b5368bb.png?area=100&is_public=true)
![US Q2 GDP Recap: The Economy Expanded by a Robust 2.8% Rate, Significantly Surpassing Expectations](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240725/5b04112d3f7949579b312cbe3856c906.png?area=100&is_public=true/thumb)
![US Q2 GDP Recap: The Economy Expanded by a Robust 2.8% Rate, Significantly Surpassing Expectations](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240725/db16fbd72dc44255afa02e291544ceb1.png?area=100&is_public=true/thumb)
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The Bureau of Economic Analysis will release the Personal Consumption Expenditure and the price index at 8:30 ET on Friday. As high financing costs begin to affect consumer behavior, demand for leisure spending and interest-sensitive durable goods is likely to slow significantly.
Both the headline and Core PCE deflators are anticipated to make further progress as the momentum of inflation we...
Both the headline and Core PCE deflators are anticipated to make further progress as the momentum of inflation we...
![US June PCE Preview: The Upcoming Price Index Will Reinforce Expectations of a September Interest Rate Cut](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240725/490d9f1b83b54aeab5be849191c597aa.png?area=100&is_public=true/thumb)
![US June PCE Preview: The Upcoming Price Index Will Reinforce Expectations of a September Interest Rate Cut](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240725/edfc16bf845a44279155a4dffd9ba100.png?area=100&is_public=true/thumb)
![US June PCE Preview: The Upcoming Price Index Will Reinforce Expectations of a September Interest Rate Cut](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240725/ead2fd9c315e48d1aa551236d807ba4f.png?area=100&is_public=true/thumb)
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Economic data is strong, and there is no reason to cut interest rates in September.
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Even cutting interest rates won't help the general election; it's better to follow the rules of the economy. Even cutting interest rates won't help the general election; it's better to follow the rules of the economy.
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If Biden doesn't withdraw from the election, his motivation is probably Powell, so cutting interest rates is possible, but it will cause complications, so keep watching.
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A sign that a hard landing is coming?!
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The Producer Price Index (PPI), which reflects the change in the cost price of product production, has actually dropped so much. Can you believe it?!
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affable Blobfish_403 : GDP doubled, the number of people receiving unemployment benefits fell, and PCE was higher than expected. If interest rates were cut in September, it would be a real political interest rate cut. The consequences will surely be endless, and we should continue to watch.