Market Performance - S&P 500 and Dow Jones rose as traders anticipate interest rate cuts by the Federal Reserve, with S&P 500 hitting a new all-time intraday high [1] - The S&P 500 rose over 0.33%, Nasdaq Composite was up 0.42%, and Dow Jones increased by 0.21% [1] - The S&P 500 finished at all-time closing highs for two consecutive days, despite Dow Jones losing over 200 points [2] Inflation and Federal Reserve - The core consumer price index rose 0.3% from July, indicating relatively calm inflation [2] - Analysts expect the Federal Reserve to cut interest rates by 25 basis points next week, with two additional cuts anticipated this year [3] Sector Performance - Nine of the 11 sectoral indices were trading in green, with the health sector leading gains while communication services lagged [3] - Salesforce, Goldman Sachs, Apple, and Nike were among the gainers, while Amazon and Microsoft faced declines [4] Commodity Prices - Spot gold fell 0.5% to $3,624.11 per ounce, and crude oil prices decreased by 1.9% to $62.44 per barrel [4] Cryptocurrency - Bitcoin remained stable at $113,617.69 [5]
US Stock Markets Today: S&P 500 Hits New Record Post Fresh Inflation Data; Oracle Shares Decline