{
  "id": 5424893,
  "title": "Wall Street ends sharply higher as Waller remarks ease rate hike fears",
  "url": "https://urgent.news/2026/09/03/wall-street-ends-sharply-higher-as-waller-remarks-ease-rate-hike-fears-5424893",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T21:39:18.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/04/wall-street-ends-sharply-higher-as-waller-remarks-ease-rate-hike-fears"
  },
  "original_language": "en",
  "account": "On Thursday, Wall Street experienced a sharp upward trend, with all three major US stock indexes closing more than 1% higher. The Nasdaq index saw substantial gains due to the strong performance of the \"Magnificent Seven\" group of AI-related megacap stocks. This surge in stock prices came after US Federal Reserve Governor Christopher Waller indicated his support for maintaining the Fed funds target rate steady if upcoming data suggests inflationary pressures are subsiding. Waller's remarks eased concerns about potential rate hikes at the Federal Reserve's September meeting, reducing the probability of a hike to 50.4% from 63.2% the previous day, according to CME's FedWatch tool. The benchmark US Treasury yield experienced a decline for the second consecutive session, as rate-hike expectations softened following a global bond selloff driven by inflation fears, ballooning debt, and geopolitical uncertainty. Market analysts attributed the broad market lift to Waller's comments, while individual stocks like Nvidia and Snowflake demonstrated notable gains, while others such as Broadcom faced declines due to weaker-than-expected financial results.",
  "summary": "The US Federal Reserve governor said he would support holding rates steady if data shows inflationary pressures are abating.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Winnipeg Free Press",
        "title": "Oil prices edge lower, while Asian shares rise, tracking Wall Street gains",
        "url": "https://urgent.news/2026/09/03/oil-prices-edge-lower-while-asian-shares-rise-tracking-wall-street",
        "published": "2026-09-03T04:49:10.000Z"
      },
      {
        "outlet": "Associated Press",
        "title": "Oil prices edge lower, while Asian shares rise, tracking Wall Street gains",
        "url": "https://urgent.news/2026/09/03/oil-prices-edge-lower-while-asian-shares-rise-tracking-wall-street-5259197",
        "published": "2026-09-03T05:53:02.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Bursa ends higher on positive Wall Street cues, steady OPR",
        "url": "https://urgent.news/2026/09/03/bursa-ends-higher-on-positive-wall-street-cues-steady-opr",
        "published": "2026-09-03T09:31:00.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "NetApp tumbles as Wall Street sees 'mixed bag' with results, guidance",
        "url": "https://urgent.news/2026/09/03/netapp-tumbles-as-wall-street-sees-mixed-bag-with-results-guidance",
        "published": "2026-09-03T13:00:27.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "ASX set to advance as Wall Street climbs; $A over US72c",
        "url": "https://urgent.news/2026/09/03/asx-set-to-advance-as-wall-street-climbs-a-over-us72c",
        "published": "2026-09-03T19:16:41.000Z"
      },
      {
        "outlet": "The Age",
        "title": "ASX set to advance as Wall Street climbs; $A over US72c",
        "url": "https://urgent.news/2026/09/03/asx-set-to-advance-as-wall-street-climbs-a-over-us72c-5397679",
        "published": "2026-09-03T19:16:41.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street ends sharply higher as Waller remarks ease rate hike fears",
        "url": "https://urgent.news/2026/09/03/wall-street-ends-sharply-higher-as-waller-remarks-ease-rate-hike-fears-5428680",
        "published": "2026-09-03T21:57:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}