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NASDAQ Hits Record Highs Despite Inflation Concerns: Powell's Reassurances Boost Market Sentiment | Daily Market Analysis

Key events: USA - Core CPI (MoM) (Apr) USA - Core Retail Sales (MoM) (Apr) USA - CPI (YoY) (Apr) USA - CPI (MoM) (Apr) USA - Retail Sales (MoM) (Apr) USA - Crude Oil Inventories Tuesday saw the Nasdaq soaring to new heights, disregarding concerns raised by a higher-than-expected inflation report, as Federal Reserve Chairman Jerome Powell reassured that the existing interest rate levels are effectively curbing inflation.

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