Market Brief 7 May, 2025
Good evening, investors and traders! The markets are showing signs of strength today, with the Nasdaq 100 Index (NDX) up by 0.49% to 19,867.08 and the S&P 500 Index (GSPC) gaining 0.5% to 5,630.55. Bitcoin continues to rally, breaking above $97,000 on news of progress in U.S./China trade talks. The Federal Reserve held interest rates steady, defying calls from President Trump for a cut, but traders are still pricing in three rate cuts for the year. The Fed's decision to maintain rates, coupled with the ongoing trade tensions, has created uncertainty in the market, but investors are optimistic about the potential for a deal between the U.S. and China.
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