US stocks reach fresh high
The S&P 500 index reached an all-time high during Thursday's trading sessions, buoyed by gains in technology stocks, which increased by 0.86% to reach 7,814.8 points. Meanwhile, the Nasdaq rose by 0.99% to 26,852.77 points. The decline in oil prices and weak U.S. producer prices also encouraged investors to seek high-risk assets. Additionally, U.S. labor market data showing stable producer price indices and a slowdown in goods price increases reinforced expectations that the Federal Reserve will keep interest rates unchanged at the upcoming meeting. This outlook helped restore investor confidence in the technology sector and large-cap stocks.
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