Dow, S&P 500, Nasdaq Reach Record Highs Amid Tech Surge and Powell's Optimism
TL;DR Summary
The Dow Jones Industrial Average closed above 45,000 for the first time, with the Nasdaq and S&P 500 also reaching record highs, driven by strong technology sector performance and positive remarks from Federal Reserve Chair Jerome Powell. Powell's comments on the economy's strength and progress on inflation, along with Salesforce's impressive earnings, boosted investor confidence. The Fed's Beige Book reported slight economic expansion, and investors anticipate a third consecutive interest rate cut in December. Upcoming US jobs data is also in focus.
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