Reported about 1 year ago
Nvidia, Nasdaq, and S&P500 experienced a decline at record highs as the dollar showed strength. U.S. economic data indicated a slight slowdown in activity for May and June, leading to a pause in recent tech gains possibly due to anticipation of a more volatile second half of the year. The dollar made broad gains against various currencies, with the DXY index reaching a two-month high. China saw increased foreign money outflow amid trade tensions and a weakening yuan, while Japan's yen also weakened. In Europe, sterling and euro faced pressure with various economic and political factors at play. Wall Street and global markets await further direction from upcoming data releases and events.
Source: YAHOO