My top 10 things to watch Friday, June 28 The S & P 500 and Nasdaq are on track for their fourth-straight session of gains Friday after the Federal Reserve's preferred inflation gauge showed that inflation cooled in May. Entering the final trading day of the second quarter, the S & P 500 has climbed 15% year to date while the tech-heavy Nasdaq has advanced 19%. The laggard Dow is up just 3.8%. The core PCE index in May rose 2.
The core PCE index in May rose 2.6% year over year, matching Wall Street estimates and representing the lowest annual increase since March 2021. In April, the inflation measure rose 2.8% annually. The CME FedWatch tool still indicates that the market expects the Fed to make its first rate cut during this inflation-fighting campaign in September. The Fed's post-June meeting projections were for one cut by the end of the year.disaster. What is going on here? The Dow stock sank more than 15% after the company missed on quarterly revenue and forecast a much larger than expected sales decline of 10% during its current quarter.
If you think Donald Trump is more likely to return to the White House after President Joe Biden's performance in Thursday night's debate, I think a second Trump administration would be pro-merger, anti-China, pro-energy, and anti-Mexico. I'm not pro-Trump. I'm not pro-Biden. I want to help people make money., which on Thursday cut profit guidance in what the drugstore chain called a challenging consumer environment. The Dow stock dropped another 1.
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade..
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