US stocks, led by the S&P 500 and Nasdaq, continue their winning streak with gains driven by the technology and consumer discretionary sectors. Investor sentiment improves as recession concerns ease and traders expect a potential rate cut from the Fed.
The Dow Jones Industrial Average also performs well, while specific stocks like Nvidia and Tesla lead the charge. The market awaits Fed Chair Jerome Powell's speech at the Jackson Hole symposium and the Democratic National Convention.
Bank of America predicts the S&P 500 to close the year near 5400, and corporates appear optimistic with strong profit margins. Despite this positive performance, some stocks like Trump Media suffer heavy losses.
Overall, the market remains focused on positive economic data and growth, rather than inflation concerns.
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