Reported 7 months ago
Stock futures are up following Producer Price Index (PPI) data, while Tesla prepares for a vote on Elon Musk's pay package valued at $46 billion and Broadcom announces a 10-for-1 stock split after surpassing second-quarter earnings estimates. The Federal Reserve's decision to maintain interest rates and cooling inflation in the Consumer Price Index (CPI) also impacted market sentiment. Tesla's shareholders are supporting Musk's proposals, and Broadcom's success is attributed to high demand for its AI products, leading to significant stock gains.
Source: YAHOO