News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 109%
  • Publisher: 72%

Estee Lauder Companies Inc News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Big Tech Is Pumping Big Money Into Companies Pulling CO2 From the AirA wave of funding announcements from Microsoft, Salesforce and other tech giants pours millions into new projects to pull CO2 directly from the air.
Source: Newsweek - 🏆 468. / 52 Read more »

Tech boom: BlackRock doubles down on AI and U.S. tech companiesTech boom: BlackRock doubles down on AI and U.S. tech companies
Source: Investingcom - 🏆 450. / 53 Read more »