S&P 500, Nasdaq 100, Dow, Russell 2000 All Soar To Record Highs: What’s Moving Markets Friday
Another historic session is unfolding on Wall Street, where every major index surged to new records by midday trading on Friday, even as Washington’s shutdown dragged into its third day.
HUM stock is racing ahead of the pack. See what is driving the move here.
Investors are shrugging off the political gridlock, keeping faith in AI-driven growth, strong corporate earnings and expectations for Fed rate cuts.
The absence of September jobs data, delayed by the shutdown of agencies like the Bureau of Labor Statistics, didn’t deter traders from betting heavily on another Fed rate cut later this month. Fed futures now price in a 97% chance of a 25-basis-point cut, which would bring rates down to 3.75%–4%.
With official data unavailable, investors and policymakers are leaning on private indicators that continue …
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