Dow Jones Closes At Record High As Traders Turn Bullish Amid Hopes Of Fed Cutting Rates In September

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, with the index remaining in the “Greed” zone on Tuesday.

U.S. stocks closed higher on Tuesday, with the Dow Jones index surging to an all-time high and settling at a record level. Traders now see a 100% chance that the US Federal Reserve will cut interest rates in September.

On the economic data front, U.S. retail sales came in flat month-over-month for June compared to a revised 0.3% gain in the previous period. Import prices came in unchanged from the prior month in June, while export prices in the U.S. declined 0.5% month-over-month in …

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