Markets soar as US inflation fuels rate cut hopes
US stocks kicked into high gear overnight, with major indices surging to record highs. Steady inflation data fuelled expectation of a rate cut next month. Semiconductor, airline and aluminium stocks were all significantly up. Locally, while the ASX 200 closed up yesterday after a rate cut, it's down this morning, with investors sellling Commonwealth Bank stock, and other results disappointing. Stocks mentioned include Meta, Broadcom, Intel, United Airlines, Delta Air Lines, American Airlines, Alcoa, Tencent, Geely Auto, Lenovo, Commonwealth Bank, Insurance Australia Group, Evolution Mining
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