Stocks Surge on Rate Cut Hopes: Tech Wins Big

Tech stocks surge, fueled by rate cut hopes! The S&P 500 and Nasdaq climbed as Treasury yields dipped on cooling job data, boosting expectations for a September Fed rate cut. Google parent Alphabet jumped after a court victory, while Apple thrived on its Google deal. Gold rallied, but energy stocks tanked with falling oil prices. Campbell's and Macy's impressed, while Dollar Tree disappointed. All eyes are now on upcoming economic data for more Fed clues. Hosted on Acast. See acast.com/privacy for more information.