26 Mins
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الاقتصادية
Nasdaq and S&P 500 grow again
The U.S. financial markets concluded Wednesday's trading session with mixed results. The Nasdaq index rose for the second consecutive day and achieved quarterly gains for the second quarter, supported by the expected decline in inflation and its impact on the Federal Reserve's interest rate hike expectations. Meanwhile, the S&P 500 and Dow Jones declined due to concerns over inflation related to rising oil prices and their effect on bond yields. The Personal Consumption Expenditures (PCE) index increased by 3% in August, while market expectations of no interest rate hike in October rose to 39%, amid continued rises in long-term Treasury bond yields.
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