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US Market News Digest for October 2

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 US Market News Digest for October 2 - ExpertFX School

S&P 500 hits new record amid Powell's remarks

Powell's comments on high stock valuations only briefly discouraged investors, with the S&P 500 reaching its 29th record high.

Despite the cooling economy, hopes for a Federal Reserve rate cut continue to support the stock market.

Analysts note that the technology sector remains the main driver of growth, fueling investor optimism.

In addition, rising corporate share buybacks contribute to sustaining the market's positive momentum.

Follow the link for more details.

 US Market News Digest for October 2 - ExpertFX School

Indices rise on AI optimism

US stock indices S&P 500 and Nasdaq 100 closed higher, hitting historical records amid optimism about investments in artificial intelligence.

Political instability in Washington failed to stop the rally, and traders expect a softening of Fed monetary policy.

Investors are also paying attention to promising reports from tech companies, which could strengthen the trend.

Meanwhile, focus on the VIX volatility index remains elevated, as markets stay sensitive to news about interest rates and global risks.

Follow the link for more details.

Let us remind you that InstaForex provides the best conditions for trading stocks, indices, and derivatives, helping traders earn effectively on market fluctuations.

The material has been provided by InstaForex Company - www.instaforex.com
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