Reported 8 months ago
On June 22, 2024, US stocks experienced 'Triple Witching Day,' with options worth up to $5.5 trillion expiring, causing market volatility. The focus this week is on the May Personal Consumption Expenditures (PCE) inflation index, expected to influence the Federal Reserve's interest rate policy. NVIDIA faced selling pressure, dropping to the world's third-largest market cap. Key US indices closed with slight changes, with the S&P 500 up around 0.6% year-to-date due to investments in tech giants like Apple, NVIDIA, Microsoft, Google, and Amazon. Analysts express concerns about market divergence, yet anticipate the continuation of the current trend with potential sector rotations boosting stocks apart from tech and semiconductor in the short term.
Source: YAHOO