Reported 8 months ago
On June 18, 2024, at 10:00 pm, the US Department of Commerce released the latest retail sales data showing a modest 0.1% monthly increase in unadjusted figures, indicating a slowdown in consumer spending. This paves the way for the Federal Reserve to consider interest rate cuts. Additionally, NVIDIA's surge continued to lift US stocks with all four major indices closing higher. The Dow Jones Industrial Average rose by 56 points to 38,834 points; the Nasdaq gained 5.21 points to 17,862 points; the S&P 500 rose by 13 points to 5,487 points, reaching a new historical high; and the Philadelphia Semiconductor Index climbed 77 points to 5,765 points.
Source: YAHOO