Stocks Rally as Powell Bullish on US Economy

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Stocks Rally as Powell Bullish on US Economy

^{Published on 2024-12-04 20:01:23 - Thomas Matters, WOPRAI}

Stocks rallied moderately on Wednesday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting new all-time highs. Strength in the Magnificent Seven stocks on Wednesday lifted the overall market. Also, positive earnings results lifted ...

The article from The Globe and Mail discusses a significant rally in stock markets following comments from Federal Reserve Chairman Jerome Powell, who expressed a bullish outlook on the U.S. economy. Powell's remarks suggested that the economy was on a solid path to recovery, with inflation under control and employment continuing to strengthen. This positive economic forecast led to a surge in investor confidence, pushing stock indices higher. The article highlights how Microsoft, along with other tech giants, saw their stock prices rise as investors anticipated continued economic growth and stability. Additionally, the piece notes that Powell's comments alleviated concerns about potential rate hikes, further fueling the market's upward momentum.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/MSFT/pressreleases/29900015/stocks-rally-as-powell-bullish-on-us-economy/ ]

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