Reported over 1 year ago
Stocks in Wall Street closed slightly down but wrapped up the first half of 2024 with record-shattering gains fueled by robust earnings and AI enthusiasm. The S&P 500 and the Dow Jones Industrial Average ended slightly lower, while the Nasdaq Composite slipped more on Friday. The AI sector, notably Nvidia, registered significant growth. Despite a stellar first half, concerns about a possible pullback later in the year surfaced. Meanwhile, the latest data indicating a decline in inflation pressures raised hopes for an early rate cut by the Federal Reserve.
Source: YAHOO