US Stocks Advance Amid Rate cut Expectations, Microsoft Dips
US stocks continued their upward trajectory Tuesday, bolstered by growing anticipation of potential interest rate cuts by the federal Reserve. The Nasdaq and S&P 500 both reached new highs, signaling โsustained investor optimismโฃ asโข the holiday shopping season approaches.
The market’s positive momentum reflects a broader belief that the Federal Reserve may begin easing monetary policy in the coming months,โ potentiallyโค stimulating economic growth. This expectation is especially impactful for sectorsโ sensitive to โinterest rates, such as technology and realโ estate. However, not all stocks participated in the rally; microsoft experienced a decline, contrasting with the overall market trend.
The S&P 500โ rose to 4,588.96, while the Nasdaq Composite climbed to 14,353.17. Advancing โstocks considerably outweighed declining ones on both the New โYork Stockโค Exchange (2.88 โฃto โข1) โฃand the โคNasdaqโฃ (2.73 to 1). total tradingโฃ volume reached 15.44 billionโ shares, below theโ recent 20-day โaverage of 18.19 billion.
Microsoft shares โคfell despite the broader market โคgains. The โreason for the decline was not promptly clear.
This isโ a provisional value based on LSEG data.