Reported 8 months ago
On June 18, 2024, tech stocks continued to drive the US stock market higher, with the market closing in the green on Monday. Both the S&P 500 index and the Nasdaq index reached new closing highs, leading Wall Street analysts to raise their market forecasts. Despite Nvidia falling from its historical peak, tech giants like Apple and Microsoft rebounded from previous drops, with all of the top five tech stocks closing higher. Investors are still watching economic data, Federal Reserve officials’ comments, and with US bond yields rebounding after a significant drop last week, major US indices rose. Over half of the Dow components rose, lifting the Dow Jones up nearly 190 points to end a four-day losing streak. The S&P 500 index also rose by 0.77%, reaching a historical high. Goldman Sachs and Citigroup both raised their year-end target for the S&P 500 index to 5600 points.
Source: YAHOO