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Benchmark US equity indices rallied to fresh record highs after delayed inflation figures bolstered expectations for two interest rates cuts before calendar year end - Dow rose +473-points or +1.01% 47,207.12, booking its first close above 47,000 ever a logging a record intra-day high (47,326.73). International Business Machines (IBM) Corp rallied +7.88% following a Reuters report the firm determined it could run certain quantum computing algorithms on an easily accessible Advanced Micro Devices (AMD) Inc (+7.63%) chip. Investment banks Goldman Sachs Group Inc (+4.41%) and JPMorgan Chase & Co (+2%) traded strongly. |
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