The U.S. Federal Reserve’s recent interest rate cut, signaling further easing due to labor market concerns, has triggered a global monetary policy shift. The dollar is weakening, boosting the euro, yen, and pound. Gold and silver prices have surged to record highs, while base metals show mixed trends. Crude oil prices remain steady amid oversupply concerns.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.