Nasdaq Hits 20,000, S&P500 Nears 30%
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futures marketsReuters
•Morning Bid: Europe eases with Swiss surprise as Nasdaq clocks 20k
79% Informative
The Nasdaq closed above 20,000 for the first time ever on Wednesday - almost four times the peaks of the dot.com bubble in 2000 and up almost 35% for 2024 to date .
Futures markets bake in another 25 basis point cut from the Federal Reserve next week despite sticky - if expected - consumer price inflation readings this week .
The European Central Bank is up next later on Thursday and is widely expected to lop a quarter point off its deposit rate to just 3% - with markets seeing just under a one -in-five chance it joins the Swiss and Canadians with a larger half point cut.
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