the daily moo

Bull run returns over US rate cut certainty


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Certain the US central bank will cut rates, investors rushed into the market to buy the market dip of the past few days. Overnight the S&P 500 rose 1.5% and the Nasdaq Composite jumped 2%. They followed the Hang Seng rising 1% in yesterday's session. The tech megacaps led the market rally, with Palatir reporting result to climb a total of 8% during and after market.

Stocks mentioned include Advanced Micro Devices, Alphabet, Beach Energy, Broadcom, Meta Platforms, News Corp, Northern Star Resources, Nvidia, ON Semiconductor, Palantir, Tesla

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the daily mooBy Moomoo Australia & New Zealand