Technology stocks lead gains, Yellen's comments boost market optimism 🤗
U.S. interest rates fell by about 5 basis points across the board, while the stock market rose again, driven by technology and growth stocks, and real estate and utility stocks showed an outflow trend; in addition, Secretary Yellen said that although "China's slow economic growth may have a negative impact on the United States" "Producing some negative spillover effects," but the U.S. job market remains strong. She expects the Federal Reserve to be able to reduce inflation without weakening the job market, and the U.S. will be able to avoid an economic recession. Yellen's remarks further promoted optimistic risk sentiment in the market.
