Reported 8 months ago
The S&P 500 and Nasdaq Composite are likely to open at record highs following the Juneteenth market holiday, with Nvidia surpassing Microsoft as the most valuable company, contributing to the tech-driven market rally. The Bank of England maintains interest rates, while the Swiss National Bank cuts rates for the second time in 2024, prompting speculation on when the US Federal Reserve will make rate cuts. Additionally, the US Department of Labor reports higher-than-expected jobless claims, with 238,000 Americans filing for new unemployment benefits last week, while US housing starts and building permits come in below expectations.
Source: YAHOO