Reported 4 months ago
The article discusses the stock market performance on May 28, 2024, highlighting Nvidia and Nasdaq reaching record highs as the AI rally continues. The Nasdaq Composite breached 17,000 for the first time, with Nvidia reaching a record share price of $1,140. Meanwhile, the S&P 500 finished slightly above flat, and the Dow Jones Industrial Average drifted lower. Investors are closely watching for the release of the Federal Reserve's inflation gauge. GameStop stock soared nearly 25%, while Apple rose on increased iPhone sales in China. Robinhood announced a $1 billion stock buyback program, and Tesla's CEO Elon Musk's pay package is under scrutiny. UBS raised its S&P 500 year-end target, and home prices hit new records.
Source: YAHOO