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U.S. stocks moved closer to reaching their highest levels on Monday, as the S&P 500 increased by 0.3% to 5,631.22 points, just below the record high achieved last week. The market’s upward trajectory has been fueled by expectations of a decrease in inflation, which may lead to the Federal Reserve implementing interest rate cuts in the near future.
Market Performance
Meanwhile, Asian shares exhibited mixed performance, with China reporting a 4.7% annual growth rate in the last quarter, falling short of earlier predictions. This development occurs in the midst of ongoing global economic changes and is likely to influence trading in the upcoming days.
The market’s upward trajectory has been fueled by expectations of a decrease in inflation, which may lead to the Federal Reserve implementing interest rate cuts in the near future.
Global Economic Changes
This development occurs in the midst of ongoing global economic changes and is likely to influence trading in the upcoming days.
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