Wall Street Anticipates Fifth Consecutive Day of Gains as Silver Reaches Record High of $55: Market Movers for Friday
Market Performance: Stocks are on track for a fifth consecutive day of gains, with the S&P 500 up 0.4% and nearing its all-time high, driven by increased risk appetite and expectations of a Federal Reserve interest rate cut.
Tech and Crypto Gains: Intel Corp. led the S&P 500 with an 8% increase, while crypto-related stocks surged following Bitcoin's stabilization near $90,000, with Circle Internet Group rising 10%.
Metals Market Rally: Silver prices soared nearly 5% to an all-time high, driven by low Chinese inventories, while gold and copper also saw significant gains, reflecting strong demand and supply issues.
Energy Commodities Rise: Natural gas prices hit a three-year high with a 4.5% increase, and crude oil prices rose 1.5%, as market optimism regarding geopolitical tensions adjusted expectations.
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