World Market News of the 1 March with FXOpen #sp500 #nasdaq #usinflation #fedrate

S&P 500, Nasdaq Hit Fresh Records to Cap Best February in Nearly a Decade US stocks rallied to close out the best February for the S&P 500 and Nasdaq Composite in nearly a decade as investors digested a crucial inflation reading. The Nasdaq Composite closed up 0.9% on Thursday, finishing at 16,, its highest close on record. This marked the first record close for the Nasdaq since November 2021. The S&P 500 added 0.5% on the day, to finish the day at 5,, a new record-high. Meanwhile the Dow Jones Industrial Average (^DJI) popped 0.1% on the day. Both the Nasdaq and S&P 500 had their best February’s since 2015. Source: Yahoo Finance Wall Street Unfazed by Hot Inflation Data January’s inflation came in hot and that isn’t great for the overall economic picture. But the absence of worse-than-expected news was a relief for Wall Street nonetheless. Data revealed the Fed’s preferred measure of inflation was stubbornly above the central bank’s target