Reported 8 months ago
US stocks continued their record-breaking streak with the S&P 500 closing at another all-time high, fueled by gains in the tech sector. Retail sales in May only saw a modest 0.1% increase, with a revised negative figure for April, leading to lower benchmark Treasury yields and expectations of a potential Fed rate cut. The market also awaits data on industrial production and statements from Fed officials, while European and Asian markets show positive movements amidst economic indicators and central bank announcements.
Source: YAHOO