Reported 8 months ago
The S&P 500 and Nasdaq reached record highs as technology shares surged due to excitement over artificial intelligence ahead of upcoming economic data and Federal Reserve officials' speeches. Megacaps Apple and Microsoft rebounded, while Broadcom, Taiwan Semiconductor Manufacturing Co, and Micron Technology saw gains. The Philadelphia SE Semiconductor index hit an all-time high. Markets anticipate interest rate cuts, with Goldman Sachs and Evercore ISI raising their year-end forecasts. The week's economic calendar includes retail sales data, industrial production, housing starts, and the S&P flash Purchasing Managers' Index.
Source: YAHOO