The Alaska Summit between U.S. President Donald Trump and Russian President Vladimir Putin comes as Ukrainian President Volodymyr Zelenskyy alleges recent Russian advances are aimed at strengthening Moscow’s bargaining position.
Major tech-heavy indices edged lower from record highs by midday Friday in New York, as investors adopted a cautious stance ahead of the Trump-Putin meeting and after data showed a dip in consumer confidence alongside mounting inflation concerns.
Wall Street struggled to extend record highs on Thursday, as investors opted to lock in profits and adopt a more cautious stance after U.S. producer inflation posted its largest increase in three years.
Tech-heavy indices were little moved on Wednesday, while small caps and blue chips surged as investors rotated into lagging names, signaling a broadening market rally.
Today, financial markets experienced a significant uplift, with a broad-based rally sweeping across major indices. The surge was primarily fueled by fresh inflation data that suggested a cooling economy, intensifying hopes for imminent interest rate cuts by the Federal Reserve. This shift in monetary policy expectations has injected a renewed
Wall Street is in full rally mode after July’s inflation data eased fears that tariff-related cost pressures were widespread. The headline Consumer Price Index (CPI) came in below expectations, holding steady at 2.7% year-over-year and fueling speculation of upcoming interest rate cuts.
Tech stocks staged a full rebound from last Friday's sell-off, with the Nasdaq 100 surging to 23,600 — just shy of the 23,700 all-time high set in late July, as the week’s strong sector earnings and broad gains among the Magnificent Seven fueled the rally.
