.SPX

TSLA

TSLL

GOOGL

GOOG

<p>Powell said there is no need to wait for inflation to fall below 2% before cutting interest rates. The "dovish tone" has strengthened the market's bet on a rate cut in September, with large tech stocks leading a rapid surge in the US stock market in the final trading session. Major indices closed up more than 1%, with the S&P rising for seven consecutive days, marking the longest streak this year. Both the S&P and the Nasdaq hit new highs for at least six days, with several tech and chip stocks reaching new highs. Tesla rose more than 44% on the 11th, while Nvidia rose 2.7% approaching its highest level</p>

- Fed Chair Powell continued a dovish stance at the second day of congressional testimony, suggesting a rate cut in September despite inflation not hitting below 2%, aiming to prevent economic weakening. Market expectations for a September rate cut rose as Powell's comments fueled stock market highs and bond yields fell.
- Powell's testimony hinted at a shifting risk assessment by the Fed, potentially leading to a rate cut in September, with markets pricing in rate cuts in both September and December. Tech stocks surged, with major indices hitting record highs, driven by Powell's remarks and positive geopolitical and energy inventory news.
- Market focus shifts to Thursday's CPI data, expecting a slight decrease in June's year-on-year CPI growth, while European markets ease tension and UK's BoE rate cut expectations cool, strengthening the pound. US stocks soar, with major indices hitting consecutive highs, led by tech giants like Apple and Google.

Wallstreetcn

Taiwan Semiconductor

S&P 500

Tesla

Direxion Daily TSLA Bull 2X Shares

Alphabet

Alphabet - C

European and American stocks and bonds rise together, S&P breaks through 5600 points for the first time in history, Tesla rises for the eleventh consecutive time, Taiwan Semiconductor, Apple, and Google hit new highs