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Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech)

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Estee Lauder Companies Inc Notícia

Starbucks Corp,Wynn Resorts Ltd,Microsoft Corp

Apple shares beat out the portfolio's other mega-cap tech names, with a 9.7% advance over the period.

It's been another great run for stocks since the Club's last monthly meeting in June. The likelihood the Federal Reserve will lower interest rates sooner than later after recent upbeat inflation data pushed stocks to new highs over the past few weeks. Traders now see the odds of a rate cut by September at 100% , according to the CME FedWatch tool . The Dow Jones Industrial Average reached an all-time intraday high on Tuesday, while the S & P 500 did the same Monday.

A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange in New York City, U.S., June 12, 2024.

 

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