VWO - Asia And Europe Markets Advance Dollar Retreats After Powell's Dovish Stance - Global Markets Today While US Slept | Benzinga
On Wednesday, July 10, U.S. stock markets closed higher, fueled by gains in Nvidia and other major stocks ahead of upcoming inflation data and earnings reports.
The Nasdaq and the S&P 500 set consecutive record highs, with the S&P surpassing 5,600 for the first time, driven by Fed Chair Powell’s remarks on a potential September rate cut.
In economic data, U.S. wholesale inventories rose by 0.6% in May, up from a 0.2% increase the previous month.
All 11 S&P 500 sector indexes rose, with information technology leading the gains, followed by materials.
The Dow Jones Industrial Average was down 1.09% and closed at 39,721.36. The S&P 500 gained 1.02%, ending the day at 5,633.91, and the Nasdaq Composite rose 1.18%, finishing the session ...