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S&P 500 & Nasdaq Posted New Record Highs on June 12

S&P 500 & Nasdaq Posted New Record Highs on June 12

On Wednesday, June, 12, the S&P500 and the Nasdaq reached new highs. This surge was mostly driven by cooler May inflation data, which supported market speculation on the Fed’s potential rate cuts, as well as tech and homebuilder stocks. Learn more.

US Stocks Unfazed by Fed Hawkishness

US Stocks Unfazed by Fed Hawkishness

Despite Fed Neel Kashkari’s hawkish comments, US stocks have displayed resilience, providing investors with a sense of stability. Lyft has shone brightly with its positive growth while the EV industry faces obstacles.

FOMC Meeting: What You Need to Know

FOMC Meeting: What You Need to Know

On April 30- May 1, 2024, in the third FOMC meeting of the year, despite anticipations of rate cuts, the Fed maintained rates unchanged for the 6th time in a row, hinting that inflation is still stubbornly high.

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