Reported 9 months ago
Wall Street closed slightly down at the end of the week as fears of a US recession diminish, with the first half of 2024 marking record-breaking gains. The S&P 500 and Nasdaq Composite saw near-15% and 19% climbs respectively, while the Dow Jones lagged behind with a 4% gain for the year. The latest inflation gauge data fanned hopes for a Fed rate cut, with stocks like Nvidia fueling the rally. Meanwhile, the housing market remains stagnant due to low supply, and the Supreme Court's rulings are curbing regulatory power.
Source: YAHOO