Stock Market Today: Nasdaq clinches all-time high close as tech reigns supreme

Investing.com-- The Nasdaq closed at a record high Friday, led by tech and expectations for Federal Reserve rate cuts later this year, though a dent in consumer sentiment kept gains in check.declined to a reading of 65.6 in June, the from 69.1 a month earlier, while one-year and five-year inflation expectations eased to 2.9% and 2.8% from 3.1% and 2.9%, in the prior month, respectively.

The one-year preliminary inflation expectation was unchanged at 3.3% for the month in June, though a higher than the 3.2% expected.slowed more than expected, sotking optimism that a disinflationary trend is in play, likely leading to lower interest rates by the end of the year.) fell nearly 2% as the Federal Aviation Authority is reportedly investigating accusations that the aircraft maker and rival Airbus may have used fake titanium in planes, The New York Times reported Friday.

The results also included stronger ARR guidance, a"reaffirmed outlook for Creative segment growth in 2H and an absence of any 'weak macro' commentary," UBS said as it lifted its price target on the stock to $560 from $540 a share.) fell 2% after shareholders voted in favor of a controversial $56 billion pay package for CEO Elon Musk, as well as the company’s reincorporation in Texas.

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