Investors in the New York stock market were optimistic during midday trading as they believed the Federal Reserve would delay increasing interest rates due to disappointing economic data. The JOLTs report showed a decrease in job openings in July compared to June, which was lower than economists’ predictions. Additionally, the consumer confidence index in August was much lower than expected. As a result, the value of the dollar declined, U.S. Treasury yields decreased, and stocks experienced a widespread increase. This caused the market’s estimated probability of a September rate hike to drop from 22% to as low as 13%. Tesla Inc. and NVIDIA Corp. were among the stocks that saw substantial gains. The S&P 500, Dow, Nasdaq 100, and Russell 2000 all rose during Tuesday’s trading. Major U.S. equity ETFs such as SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average ETF, and Invesco QQQ Trust also experienced gains. Certain sectors, including energy and consumer discretionary, saw varied performance. Several individual stocks, including PDD Holdings Inc., Ginkgo Bioworks Holdings Inc., and Coinbase Inc., saw significant increases. Crude oil, treasury yields, and the value of the dollar all experienced changes, while European equity indices closed higher. Gold, silver, and Bitcoin also saw price shifts.