The Nasdaq 100 index hit an all-time high. Investors are showing optimism amid reports that the US Federal Reserve will cut its key rate next year. The S&P 500, a key stock index, also rose.
The Nasdaq 100 stock index, which tracks the performance of the 100 largest companies in the Nasdaq index, rose to a record high on Tuesday. According to current data at the time of this publication, the Nasdaq 100 stands at 16,789 points, which represents an increase of 0.4% during the trading session.
US stock indices are rising amid statements by the head of the Federal Reserve Bank that in 2024 the US Federal Reserve could begin to reduce the key rate if inflationary pressure stabilizes.
In addition, the growth of the stock market is influenced by data on the commissioning of new homes in the United States. The United States government has released data indicating a 14.8% year-over-year increase in housing construction.
Author:
Kirill Bilyk
Source: RB
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