Reported 12 months ago
US stocks including Dow Jones Industrial Average and S&P 500 saw gains as Federal Reserve chair Jerome Powell acknowledged positive economic data indicating a disinflationary trend. Job openings in May unexpectedly increased to 8.14 million, showing a resilient labor market. Tesla's shares rose after reporting higher quarterly vehicle deliveries. RBC Capital Markets raised its S&P 500 year-end target to 5,700, expressing optimism for the second half of 2024.
Source: YAHOO