Stock market trends: Stocks hit records, Tesla rises on Musk pay vote, & Warner Bros. Discovery at record low

Reported 7 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

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