Top and Flop ETFs of the First Half - Yahoo News Malaysia

Wall Street enjoyed a remarkable rally in the first half of the year, buoyed by an artificial intelligence (AI) craze, strong corporate earnings, rate cut bets and optimism over a resilient economy. The "Magnificent Seven" is the biggest engine of growth, with NVIDIA NVDA leading the way in the AI revolution.In the latest FOMC meeting, U.S. policymakers penciled in one rate cut for this year and foresee four cuts for 2025. The Fed altered language in its statement, noting “modest further progress toward the committee’s 2% inflation objective.” Lower interest rates generally lead to reduced borrowing costs, helping businesses to expand operations easily and resulting in increased profitability.

Yahoo     Jun 27, 2024