Global Markets Rally: Nasdaq Hits Record High with 2% Surge

Strong signals from global markets, all-round rise in American markets. Nasdaq jumped 2% to new record high. S&P 500 set a new record with a rise of 1.2%. Dow Jones also closed at the day's high by jumping 100 points. There was also a rise of 1.5% on Russell 2000. NVIDIA's market cap crosses $3 lakh crore. Now NVIDIA is the second largest US company, ahead of Apple. Market strengthened due to expectation of interest rate cut. 10 year bond yield below 4.3%, fall of 30 bps in 1 week. Yesterday the Bank of Canada cut interest rates by 0.25%. Today, under the policy of ECB, a reduction in rates by 0.25% is also possible. Rebound of 1.5% in crude oil after 5 days of fall. Gold jumped 1.2%, silver crossed $30. mixed action in metals