Reported 10 months ago
On June 13, 2024, US stocks were mixed as investors reacted to cooling inflation and the Fed's outlook on interest rate cuts. The S&P 500 and Nasdaq rose, with tech stocks leading, while the Dow Jones fell. The market also awaited the Tesla shareholders' vote on a $56 billion pay package for Elon Musk, causing Tesla stock to rise. In a separate development, Warner Bros. Discovery shares hit a record low after Liberty Global announced an acquisition. Additionally, Wall Street strategists are calling for a broadening of the stock market rally, and inflation data indicates a positive reading for the Fed's preferred gauge.
Source: YAHOO