US stock markets experienced notable gains as inflation reports aligned with expectations, potentially paving the way for a Federal Reserve interest rate cut. Major indices, including the Dow, S&P 500, and Nasdaq Composite, rose significantly, with standout performances from tech giants like Nvidia and Tesla.
Analysts highlighted the importance of the inflation data ahead of the central bank's upcoming policy meeting. Furthermore, the November Consumer Price Index (CPI) registered a headline rate of 2.7% and a core rate of 3.3%, reinforcing the market's optimism.
The likelihood of a rate cut has been estimated at 86%, contributing to the upward momentum in stock prices. In international markets, Hong Kong stocks also reflected a positive trend, driven by anticipation of economic policies from China aimed at addressing deflation and external tariffs.
As investors closely monitor these developments, the environment remains conducive for further market growth, particularly in the tech sector.
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