NVDA - From Tokyo To New York Stock Markets Are Hitting Unprecedented Highs: Report | Benzinga
Stock markets worldwide are reaching record-breaking highs. This unprecedented rally, spanning from Tokyo to New York, has seen 14 of the world's 20 largest stock markets hit all-time highs.
What Happened: The MSCI ACWI Index monitors both developed and emerging markets, and set a new record last Friday.
In the U.S., the S&P 500 and Nasdaq 100 indexes also reached new highs this week, with the Dow Jones Industrial Average surpassing the 40,000 mark for the first time. Major stock exchanges in Europe, Canada, Brazil, India, Japan and Australia are also at or near their peak levels.
Several factors have contributed to this global rally, including potential interest rate cuts, robust economies and strong corporate earnings, reported Bloomberg.
Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, told the outlet, "From a macro perspective, there are no red signals. The ...