Stock market today: Big Tech surges as S&P 500 crosses 5,600 for first time

Stock market today: Big Tech surges as S&P 500 crosses 5,600 for first time
https://finance.yahoo.com/news/stock-market-today-big-tech-surges-as-sp-500-crosses-5600-for-first-time-162155252.html

Summary

Certainly! Here are the key takeaways from the article "Stock market today: Big Tech surges as S&P 500 crosses 5,600 for first time":[^1^][1]

• The S&P 500 reached a record close of 5,600 for the first time, driven by Jerome Powell's remarks on potential rate cuts and gains in Big Tech stocks[^2^][2].
• Tech giants like Nvidia, Apple, Microsoft, and Google contributed to the market surge.
• Powell's testimony hinted at lowering interest rates due to cooling inflation and job market concerns[^3^][3].
• Investors await the consumer inflation report to gauge the likelihood of a Fed policy shift in September.