Oct. 24 at 6:31 PM
Afternoon Market Update 🗞️
• US stocks surged to new highs Friday as investors reacted positively to cooler-than-expected inflation data, reinforcing optimism about the Federal Reserve’s upcoming rate cuts.
• The CPI report showed annual inflation at 3%, slightly below forecasts, strengthening market confidence in a quarter-point rate cut next week and another in December.
• President Trump’s cancellation of trade talks with Canada added a layer of uncertainty, while Intel’s strong earnings and AI optimism helped lift tech sentiment.
$TQQQ $QQQ $SOXL $SPY