Reported 11 months ago
Stocks closed at fresh records with the S&P 500 and Nasdaq reaching new highs as Apple surged to an all-time high. Investors awaited a Federal Reserve decision regarding interest rates amid uncertainty about the economy's temperature. The Fed is expected to maintain current rates with potential hints for future cuts in September or November. Additionally, May's Consumer Price Index (CPI) was anticipated to provide crucial information for the Fed's interest rate policy. Apple's positive performance was driven by the introduction of its AI platform, Apple Intelligence, widely lauded on Wall Street.
Source: YAHOO