Stocks enter shortened trading week near record highs: What to know this week

) popped nearly 1.5%. The S&P 500 ended the week above 5,400 for the first time ever. The Nasdaq and S&P 500 both closed at record highs for four straight days. Meanwhile, the Dow Jones Industrial Average wasEconomists believe all this points to a positive reading of the Fed's preferred inflation gauge within the Personal Consumption Expenditures index later this month.

He added, "An easing cycle that begins in September remains a possibility, particularly if shelter inflation were to moderate further in the next couple of months."Inflation is declining and economic growth slowing, but the Fed sees just one interest rate cut this year. A growing number of Wall Street economists are nervous the central bank may be walking too fine of a line with its most restrictive interest rate policy in more than two decades.

"At the end of the day, unemployment is up and core inflation is down," Dutta wrote. "The policy implication of that is clear ... Time to get on with it and stick the landing."A key reading on how consumers are holding up amid higher rates is expected on Tuesday with the monthly retail sales report for May.

Blake Lively attended the Book Bonanza event for It Ends With Us in Grapevine, Texas, at the Gaylord Texan Resort and Convention Center.Former President Donald Trump left some of the country’s most powerful CEOs scratching their heads, cringing, or just outright laughing during a private meeting in the nation’s capital on Thursday.

With Gill owning nine million shares, he stands to earn or lose $90,000 for every penny move in GameStop stock.As far as top dividend stocks are concerned, Fortis remains a top option long-term investors should consider right now. The post 3 Reasons to Buy Fortis Stock Like There’s No Tomorrow appeared first on The Motley Fool Canada.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Markets today: ‘Mag seven’ drive U.S. stocks toward all-time highsThe world’s largest technology companies drove stocks toward all-time highs, while bond yields fell with traders almost fully pricing in two Federal Reserve rate cuts in 2024.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Markets today: Stocks churn as traders waver on U.S. rates outlookStocks hovered below this week’s record levels as dialed-down bets for U.S. Federal Reserve policy easing prompted a pull-back from riskier assets.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Markets today: stocks join bonds in falling as Fed-cut bets waneStocks and bonds retreated as data showing U.S. business activity accelerated amid a pickup in inflation reinforced speculation the U.S. Federal Reserve will remain on hold.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Markets today: U.S. stocks Join losses in bonds as Fed-cut bets waneStocks and bonds retreated as data showing U.S. business activity accelerated amid a pickup in inflation reinforced speculation the Federal Reserve will remain on hold.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Markets today: Stocks rally as Nvidia keeps AI juggernaut goingWall Street headed for a new record high after blowout earnings from Nvidia Corp. reinforced belief that the global artificial-intelligence boom will keep powering equity markets.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Asian Stocks Set to Slide as Fed Cuts Seen Delayed: Markets Wrap(Bloomberg) -- Asian stocks are poised to track Wall Street lower following activity data that signaled the Federal Reserve may keep rates on hold for most...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »