Reported 8 months ago
US stock market today saw the S&P 500 and Nasdaq hovering near record highs as retail sales data for May fell short of expectations, showing the strain of high interest rates. The S&P 500 secured its 30th record close in 2024, while the Nasdaq looked to extend a sixth consecutive record close. The Dow Jones Industrial Average also stayed flat. Concerns about consumer strain amid high interest rates and inflation are leading to muted market activity, while Fed officials hint at a single rate cut in 2024 despite investor expectations for two cuts.
Source: YAHOO