Global Stocks Rise as Tech Rally Continues and Japan's Inflation Slows

The S&P 500 hit a record high after a two-year journey marked by high inflation and concerns about a looming recession. Despite fears of a recession, the economy continues to grow, and unemployment remains low. Wall Street is now focused on when the Federal Reserve will begin lowering interest rates, with expectations for rate cuts driving a rally in the stock market. Technology stocks, particularly chip companies, contributed to the market's surge. The return to a record high demonstrates the resilience of the U.S. stock market, but uncertainties about interest rates and the possibility of a recession still linger.