S&P 500, Dow Jones, and Nasdaq Surge
Stocks soared to record levels, with the S&P 500 climbing 0.6% to exceed last week’s all-time high. The Dow Jones Industrial Average also saw a substantial 0.9% increase, while the Nasdaq composite rose by 0.3%.
Treasury Yields Ease, Boosting Interest Rate Cut Hopes
Following weaker-than-expected retail sales data, Treasury yields eased in the bond market, fueling optimism for potential interest rate cuts by the Federal Reserve later this year. CBRE and Wells Fargo experienced notable gains after positive corporate developments.
Key Figures from Thursday’s Market
S&P 500: Rose 29.11 points to 5,029.73
Dow Jones Industrial Average: Rose 348.85 points to 38,773.12
Nasdaq Composite: Rose 47.03 points to 15,906.17
Russell 2000 Index: Rose 49.38 points to 2,061.48
Weekly and Yearly Performance
Week: S&P 500 up 0.1%, Dow up 0.3%, Nasdaq down 0.5%, Russell 2000 up 2.6%
Year: S&P 500 up 5.4%, Dow up 2.9%, Nasdaq up 6%, Russell 2000 up 1.7%