Reported about 1 year ago
US stocks set records as S&P 500 and Nasdaq hit new highs while Dow fell; investors weigh cooling inflation and Fed's interest rate cut plans. Tesla's shareholders vote on approving Elon Musk's $56 billion pay package, which passed by large margins, causing Tesla stock to jump. Tech stocks like Nvidia and Broadcom also rise, boosting the broader rally. Additionally, Warner Bros. Discovery's stock hits a record low after Liberty Global acquires its stake in Formula E, while Wall Street calls for a broadened rally outside of Big Tech sectors.
Source: YAHOO