Stock market recap: S&P 500 tops 6,445, Nasdaq gains on Fed easing speculation
On Tuesday, Wall Street saw a confident upswing as the S&P 500 and Nasdaq 100 reached new record highs, driven by easing inflation and growing optimism over potential Federal Reserve policy loosening.
Global markets
S&P 500: 6,445.76, up +1.13%
Nasdaq: 21,681.904, up +1.39%
DJIA: 44,458.61, up +1.10%
FTSE 100: 9,147.81, up +0.20%
Nikkei: 43,274.67, up +1.30%
Shanghai: 3,670.307, up +0.36%
According to CNBC, the S&P 500 closed above 6,445.76, adding 72 points (1.13%), while the Nasdaq jumped 296 points (1.39%) to about 21,681.904. The gains followed the release of July’s consumer price index, which met market expectations and reinforced speculation about possible Fed monetary policy easing. CME Group’s FedWatch Tool now assigns a 94% probability of a quarter-point rate cut in September.
Global markets follow U.S. lead despite regional differences
Asian markets largely mirrored U.S. performance, reflecting renewed investor confidence in interest rate–sensitive sectors. Stock indices in Hong Kong, Japan, and Southeast Asia advanced amid the extension of the U.S.–China trade truce and dovish Fed outlooks.
Japan’s Nikkei 225 in particular rose 1.3% to 43,274, driven by gains in exporter and financial shares. By contrast, Australia’s S&P/ASX 200 fell 0.6% to 8,827.1 due to weakness in energy and financial stocks, though increases in tech and mining partially offset the decline.
What’s driving the rally?
Inflation stabilization and Fed easing
Inflation data aligned with expectations, prompting speculation about a potential interest rate cut in the near future. The high likelihood of a September cut has reinvigorated growth-oriented sectors.
Resilient technology and export stocks
The Nasdaq’s significant outperformance reflects renewed investor interest in technology and innovation-driven companies. Japanese equities’ rise highlights the strength of export-oriented firms amid a weaker yen and stabilizing global demand.
Geopolitical and trade developments
The extension of the U.S.–China trade truce further eased geopolitical concerns, bolstering sentiment in international markets.
Looking ahead
Markets remain mindful of potential volatility. Investors are expected to closely watch upcoming inflation reports, Fed communications, and progress in trade talks. Any signs of persistent inflation or renewed geopolitical uncertainty could weaken growth prospects.
It was also reported that the Nikkei 225 earlier climbed to 42,718, supported by record growth in financial and technology sectors.
Latest Nasdaq Composite News
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