Stock Market Today: S&P 500 slips after briefly topping 5,500 for first time ever

Investing.com -- The S&P 500 closed lower Thursday after briefing topping the 5,500 milestone for the first time ever as Nvidia cooled its recent rally, dragging the broader tech sector lower and flurry of economic data pointing to signs of a weaker economy.), however, traded up 4% after the Piper Sandler outlined the chipmaker as a top pick, citing its"bright spots" ahead for the second half of the year.

Kashkari, talking at the annual Michigan Bankers Association Convention earlier Thursday, said wage growth was too high to bring inflation back to the 2% target right now.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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