Stock Market Performance

SOURCE finance.yahoo.com
Nasdaq 100 and S&P 500 close at record highs as tech stocks lead gains. U.S. Treasury Secretary Janet Yellen expresses optimism about disinflation progress. Market anticipates rate cut in September.

Key Points

  • Fourth consecutive positive day for both Nasdaq 100 and S&P 500
  • Market anticipates rate cut in September
  • Technology sector leads gains, followed by real estate

Pros

  • Nasdaq 100 and S&P 500 reach new all-time highs
  • Tech stocks drive broader market gains
  • Optimism about continued progress in disinflation

Cons

  • Energy sector lags behind
  • Communication services sector also experiences a decline