Investing.com -- The Dow had its best day in more than a year Tuesday, closing at fresh record highs, underpinned by better-than-expected retail sales data and a slew of mostly upbeat quarterly earnings from corporates.rose 742 points, or 1.9%, notching its best day since June 2023, to fresh all-time closing high of 40,954.48. Thewere unchanged in June on a monthly basis, according to data released earlier Tuesday, following on from an upwardly revised 0.3% gain in May.
"Even if the Fed did opt to open the door to rate cuts as early as Q3, the Fed will likely be limited in action, disappointing investors’ hopes of returning to neutral or below sometime soon," Stifel said in a Tuesday note. Trump on Monday was officially nominated as the Republican frontrunner for the 2024 presidential race, and named Ohio Senator J.D. Vance as his vice presidential running mate.
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