Global Market: Another strong day for US markets, Dow jumped 160 points, S&P 500 closed above 5500 for the first time

Jerome Powell's Statement, Fed's Policy Reducing Inflation. More confidence needed before reducing interest rates. Another strong day for US markets. Dow jumped 160 points, S&P 500 closed above 5500 for the first time. New closing record again on Nasdaq, closed above 18000 for the first time. Strong action in consumer stocks including IT. Tesla shares jumped 10% yesterday. Break on 4 days rise of crude oil. Gold sluggish, silver up for 5th consecutive day.

Updated on: July 03, 2024, 11.51 AM IST
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