Stocks Surge on Trade Optimism and Fed Cut Hopes – Is a New Bull Run Brewing?
The S&P 500 closed near 6,671, up 0.4%, and the Nasdaq reached 22,670, up 0.7%, as trade-war concerns eased and Fed officials signaled more rate cuts. Morgan Stanley rose 4.7% and Bank of America 4.4%. AMD spiked about 24% in a day; Nvidia is up 41% year-to-date. Dow futures rose 0.4% and S&P 500 futures 0.2% on the morning of Oct. 16.
