On the eve of the Fed rate cut, the US stock market continued to rise in early trading, testing new highs.

On Tuesday morning, September 16th, the US stock market continued its upward trend and tested a new round of historical highs. Traders are already making preparations for the Federal Reserve to resume its rate-cutting cycle. In terms of individual stocks, Oracle's stock price rose significantly. Although Tesla is facing an investigation by the US auto safety regulator (investigating whether some models have defects in their doors), its stock price still went up. Economic data indicates that US retail sales in August increased for the third consecutive month with a wide range of growth, highlighting the resilience of consumer spending. The latest survey by Bank of America shows that the net percentage of global fund managers "overweighting stocks" is 28%, reaching the highest level in seven months. Michael Hartnett, the Chief Investment Strategist at the bank, pointed out that market expectations for economic growth have seen the most significant improvement in nearly a year, with only 16% of investors (net percentage) currently expecting a weakening economy.