Global stock markets climbed to record highs on Tuesday as investors bet on falling interest rates and renewed optimism over global growth — with Apple reaching a $4 trillion market valuation for the first time.
The FTSE 100 hit an intra-day record of 9,715.22, before easing slightly to trade 0.5% higher at 9,698.4, while all three major U.S. indices — the S&P 500, Nasdaq, and Dow Jones Industrial Average — also opened at all-time highs, rising between 0.3% and 0.7%.
The broad-based rally reflects growing confidence that the U.S. Federal Reserve will cut interest rates when its two-day policy meeting concludes on Wednesday, marking a pivotal moment for markets after nearly two years of tightening monetary policy.
Apple’s shares rose 1% to $269.86, pushing its total market capitalisation just above $4 trillion and cementing its position as the world’s most valuable listed company.
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