Stocks Advance After Reassuring US Inflation Data: Markets Wrap
Written by Black Hot Fire Network on March 1, 2024
(Bloomberg) -- Stocks advanced Friday after a reassuring reading on US inflation calmed traders’ worst fears on the outlook for interest rates and spurred fresh record highs on Wall Street.
Most Read from Bloomberg
Rate-sensitive tech stocks were among the biggest drivers as Europe’s Stoxx 600 index climbed 0.4%. US equity futures contracts edged higher after the S&P 500 notched its 14th record this year. The Nasdaq 100 also hit an all-time high Thursday, boosted by a record close for tech megacap Nvidia Corp. Asian stocks rose, with Japan’s . . .
