The Nasdaq topped 20,000 for the first time ever...U.S. CPI relief likely to cut interest rates ↑

[Anchor]
The Nasdaq Composite Index of the New York Stock Exchange surpassed the 20,000 mark for the first time ever.

This is because the possibility of a rate cut has increased as the U.S. consumer price index did not deviate from market forecasts last month.

This is Washington correspondent Hong Sang-hee.

[Report]
In the New York Stock Exchange, the tech-heavy Nasdaq Composite surpassed the 20,000 mark during the day.Starting from

99,000 units, the gains were increased from the beginning, with large technology stocks such as Apple, Nvidia, Microsoft, and Tesla leading the gains.

Bitcoin also rebounded to recover to the $100,000 mark.

The rise in the Nasdaq index and Bitcoin together was largely due to the consumer price index and CPI released by the U.S. Department of Labor.

While the CPI rose 2.7% in November compared with a year ago, it did not deviate from market expectations, bolstering the possibility of further rate cuts by the U.S. Federal Reserve next week.

[Brian Krawes/Sharp Asset Management CEO: The Fed will make at least one more rate cut. More participation in the Santa Claus rally is expected to push the market higher for the rest of the year.]


The market was relieved by interest rate cuts and expectations of a second Trump administration easing of technology regulations, but it remains to be seen whether the upside will continue in the future.

That's because consumer price growth, which once fell to 2.4%, has been on the rise for two consecutive months, while core CPI, excluding energy and food, has also been on the rise for three consecutive months.

In addition, there are concerns that rising import prices and labor shortages could fuel inflation if the tariffs, tax cuts, and immigrant policies announced by President-elect Trump are implemented.The Fed made a big cut in September by cutting its key interest rate by 0.5% as the U.S. CPI rise, which had been running high

, fell to the 2% level in July.

[Jerome Powell / Federal Reserve Chairman (last month): The economy is not signaling that we need to hurry to cut rates. The current economic situation allows us to take a cautious approach to the (interest rate policy) decision.

Consumer prices have turned upward and concerns that Trump's second-term policy will stimulate prices are bolstering the prospect of the Fed adjusting the pace of interest rate cuts next year.

I'm Hong Sang-hee from Washington.