The S&P 500 Index recorded a new all-time-high, spurred by Fed Chair Jerome Powell's verdict at the FOMC, cooling inflation, and tech stocks' performance.
Consumer sentiment in US reaches highest level in 2.5 years despite struggling housing market. Tech stocks lead market increase while Treasury yields rise.
Additionally, the day's trading direction may be influenced by a few Federal Reserve official speeches, a consumer sentiment reading, and regional bank earnings.
During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates.
The office real estate market has entered a challenging year, grappling with significant challenges represented by disruptive industry trends and upcoming financial maturities.