
Wall Street Celebrates as Dow Jumps 460 Points
In a remarkable trading session, Wall Street witnessed significant gains with the Dow Jones Industrial Average soaring by 460 points, a 1.04% increase, led by UnitedHealth Group Inc.'s impressive 3.91% rise. The S&P 500 also marked a historic moment, closing at a record 6,466.58, fueled by optimistic investor sentiment following a softer-than-expected inflation report.
Investor Optimism Rises with Potential Fed Rate Cut
The latest inflation data has sparked hopes among investors for a Federal Reserve interest rate cut in September, contributing to the day's bullish market performance. Additionally, the market's attention was divided between the upcoming Trump-Putin meeting and the spectacular debut of Bullish on the NYSE, which closed at $90 per share, a staggering 143% above its IPO price of $37.
Nasdaq Holds Steady as Euro Gains Against Dollar
While the Nasdaq 100 ended the day flat, the euro saw a slight increase against the dollar, trading at $1.17001 by the close. Paramount Skydance Corporation stood out with a dramatic 36.74% surge, further highlighting the day's diverse market movements.
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