US stocks surged on Thursday as optimistic comments from Federal Reserve governor Christopher Waller that pricing pressures showed signs of improving led traders to pare back rate-hike expectations.
The Dow Jones Industrial Average (^DJI) climbed 1.3%, and the S&P 500 (^GSPC) rose 1%. Both indexes posted their best day since Aug 4.
The tech-heavy Nasdaq Composite (^IXIC) jumped about 1.4% as the yield on 10-year Treasurys (^TNX) eased to 4.74%.
Nvidia (NVDA) stock rose 1% after the AI leader announced it would acquire open-weight AI platform Hugging Face for roughly $13 billion in a deal that's expected to close in 2027.
Stocks gained momentum after the Fed's Waller said he saw promising signs of "disinflation," suggesting he may vote to keep interest rates unchanged at the next Fed meeting. That led bond traders to rapidly scale back their bets that the Fed will raise rates in September to a tossup, from a 63% chance the day before.
#stocks
The Dow Jones Industrial Average (^DJI) climbed 1.3%, and the S&P 500 (^GSPC) rose 1%. Both indexes posted their best day since Aug 4.
The tech-heavy Nasdaq Composite (^IXIC) jumped about 1.4% as the yield on 10-year Treasurys (^TNX) eased to 4.74%.
Nvidia (NVDA) stock rose 1% after the AI leader announced it would acquire open-weight AI platform Hugging Face for roughly $13 billion in a deal that's expected to close in 2027.
Stocks gained momentum after the Fed's Waller said he saw promising signs of "disinflation," suggesting he may vote to keep interest rates unchanged at the next Fed meeting. That led bond traders to rapidly scale back their bets that the Fed will raise rates in September to a tossup, from a 63% chance the day before.
#stocks
2 months ago
