Powell’s comments fuel market rally
Jerome Powell’s recent comments gave US stocks a brief boost. He suggested that even if inflation remains stable, the Fed is in no rush to raise interest rates again. This insurance boosted investors’ confidence and led to a boom in the market.
The Nasdaq jumped 1.7 percent, led by tech giants such as Apple, NVIDIA and Tesla. The financial and energy sectors lagged behind, but technology took the lead. The S&P 500 remains near all-time highs, and a soft CPI report next week could spark a fresh rally.
Investors are keeping an eye on several factors this week:
- Earnings reports from JPMorgan, Delta Airlines and Pepsi
- Upcoming CPI and unemployment data
- Continued momentum in the AI field, especially Arm, AMD and PLTR
The technology continues to lead the market, and strong activity in the AI sector is increasing optimism among investors.