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Inflation Cools In May, Fed Hints At Slower Pace Of Rate Cuts, Stocks Hit New Record Highs: This Week In The Market

Wall Street resilient as tech stocks reclaim dominance with record highs for S&P 500 and Nasdaq 100, driven by tech giants like Apple, Nvidia, and Microsoft. Fed's updated projections and cooler inflation reports contribute to hopes for rate cuts. Broadcom's AI chip demand boosts stock, while Apple's WWDC 2024 innovations lead to higher iPhone sales projections. Economist declares victory over inflation, while GameStop stock surges.


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Stocks Turn To Losses, Bonds Rally On Falling Producer Prices, Rising Jobless Claims: What’s Driving Markets Thursday?

Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data.