Stock market today: Stocks extend record-setting rally, Tesla rises ahead of Musk pay decision

US stocks rallied to a record close on Thursday as investors weighed the two-way pull of cooling inflation and a Federal Reserve pullback on interest rate cuts. The S&P 500 rose more than 0.2% to close at its latest all-time high. The Nasdaq Composite popped about 0.3%, as tech stocks led the broader charge higher. It was the fourth consecutive record close for the two indexes. Meanwhile, the Dow Jones Industrial Average fell almost 0.2%.

Traders are still pricing in two rate cuts starting in September, according to the CME FedWatch tool. Read more: How does the labor market affect inflation? On Thursday, the producer price index for May fell in what appears to be the latest sign that inflation is easing. The reading dropped 0.2% month-over-month after rising 0.5% in April.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Stocks waver ahead of Fed as Apple surges to recordInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: US stocks slip from records as focus turns to FedInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: World stocks are mixed ahead of this week's Fed meetingHONG KONG (AP) — World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stocks turn higher as huge week on Wall Street kicks offInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: US stocks edge lower ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »