Nasdaq, S&P 500 ride chip-stock wave before Fed decision

By X-blogger - on August 1, 2024
NASDAQ Composite Daily Chart with Moving Average Multiple Indicator

The Nasdaq and the S&P 500 jumped around 2%, as investors hoped for hints from the Federal Reserve on the timing of rate cuts, a bullish forecast from AMD boosted chip stocks and Microsoft slipped after a higher spending forecast.

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