Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap
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#d044f1de ver:0.83

Stock rotation hits megacaps as traders bet on Fed rate cut. S&P 500 and Nasdaq reach new highs, while Dow slips. Powell's testimony provides little guidance on rate cuts. Bond yields rise slightly. Financial sector gains, but consumer goods company plummets. Chinese inflation data indicates slowing economy. Asian stocks rise after Powell hints at rate cut. Wall Street traders drive rotation out of tech megacaps. Powell's testimony and upcoming inflation reports and earnings releases will provide further insights. #StockMarket #FedRateCut #Inflation #Earnings...

#newstr #WallStreet #RateCut #FederalReserve #JeromePowell #HongKong #Shanghai #ChineseEconomy #ThirdPlenum #StockRotation #BondYields #TechMegacaps #Inflation #Russell2000 #Nasdaq100 #S&p500 

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