Reported 12 months ago
Stocks ended higher with S&P 500 and Nasdaq hitting record highs after Fed Chair Powell mentioned U.S. on 'disinflationary path.' Dow rose 0.41%, S&P 500 0.62%, and Nasdaq 0.84%. Powell stated need for more data before interest rate cuts to verify weaker inflation readings while highlighting U.S. back on disinflationary track. Tesla posted stronger-than-expected Q2 delivery figures, rising 9% on 141.5M shares. Rivian Automotive and Tesla were the most active stocks, with Rivian rising 3.4%.
Source: YAHOO