US Fed Rate Cut Live: Markets extend record run as trade dominates
Stock markets hit record highs Wednesday thanks to optimism over US trade deals, the AI sector and an expected interest-rate cut by the US Federal Reserve.
On Wall Street both the S&P 500 and Nasdaq Composite set record highs as trading started, following fresh peaks set in London and some Asian markets as US President Donald Trump voiced optimism on the eve of crunch talks with China’s President Xi Jinping.
Investors are looking ahead to a meeting of the Federal Reserve, which observers expect will unveil a quarter-percentage-point cut to borrowing costs, as well as earnings reports from tech heavyweights Meta, Microsoft and Google-parent Alphabet after trading closes in New York.
