Markets Surge, Fed Rate Cut Hopes Soar

Global stock markets surged today, buoyed by optimism over potential U.S. interest rate cuts, while SoftBanks shares plummeted due to AI competition concerns. The S&P 500 soared, and the Dow and Nasdaq also rose, with traders now betting on an 85% chance of a rate cut in December. Despite market fluctuations, the S&P 500 remains near its record high. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.