U.S. Stock Market Rises Amid Anticipation of Federal Reserve Rate Cuts

According to BlockBeats, U.S. stock markets continued their upward trend on Tuesday morning, approaching new historical highs as traders prepared for the Federal Reserve to potentially restart its rate-cutting cycle. Oracle Corporation's stock saw significant gains, while Tesla's shares also rose despite an investigation by U.S. automotive safety regulators into potential door defects in some of its models. Economic data revealed that U.S. retail sales increased for the third consecutive month in August, with growth spanning a wide range of sectors, highlighting the resilience of consumer spending. A recent survey by Bank of America indicated that the net proportion of global fund managers who are 'overweight' on stocks reached 28%, marking the highest level in seven months. Michael Hartnett, the bank's chief investment strategist, noted that expectations for economic growth have seen the most significant improvement in nearly a year, with only 16% of investors (net proportion) anticipating a weakening economy.