The three major U.S. stock indices collectively rise

The slowdown in U.S. inflation drives expectations for interest rate cuts, with the three major U.S. stock indices collectively rising: the Nasdaq is up 2.45%, the S&P 500 index is up 1.83%, and the Dow Jones Industrial Average is up 1.65%. Large tech stocks are collectively on the rise, with Tesla surging over 8%, Meta, Nvidia, and Google increasing by more than 3%, and Microsoft, Netflix, and Amazon climbing over 2%.