On the eve of the Fed's interest rate cut, U.S. stocks continue to rise in the morning to test new highs

According to BlockBeats, in early Tuesday, September 16, the U.S. stock market maintained a rising trend and was testing a new round of historical highs. Traders are ready for the Federal Reserve to restart its interest rate cut cycle. In terms of individual stocks, Oracle's stock price rose sharply. Although Tesla faces investigations from US auto safety regulators (investigating whether there are defects in the doors of some of its models), its stock price still rose. Economic data show that retail sales in the United States grew for the third consecutive month in August, and the increase covered a wide range, highlighting the resilience of consumer spending. The latest survey by Bank of America shows that the net value of "over-allocation" among global fund managers is 28%, the highest level in seven months. Michael Hartnett, the bank's chief investment strategist, noted that market expectations for economic growth have improved the most significantly in nearly a year, with only 16% of investors (net proportion) currently expecting the economy to weaken. (Jin Shi)