Reported 7 months ago
On June 13, 2024, US stocks mostly closed higher as the producer price index for May dropped 0.2%, the largest decline since October 2023, signaling easing inflation. Tech stocks led the market with Apple surpassing Microsoft in market value, reclaiming the global number one spot with a market cap of $3.29 trillion. The Dow Jones Industrial Average fell 65 points to 38,647 points, while the Nasdaq rose 59 points to 17,667 points, marking a fourth consecutive trading day of historic highs. The S&P 500 also reached a new peak at 5,433 points, and the Philadelphia Semiconductor Index climbed 81 points to 5,602 points.
Source: YAHOO