From Nasdaq: 2024-05-14 18:15:19

US stock indexes closed higher, with S&P 500 at 5-week high and Nasdaq 100 at 1-month high. Bond yields fell after Fed Chair Powell’s dovish comments. US Apr core producer prices exceeded expectations. Q1 earnings surpass estimates, with +6.5% y/y growth. Stock markets discounting rate hike, overseas markets mixed. Interest rates saw T-notes up, European bonds mixed. Earnings reports set for 5/15/24. Stock movers: SMCI, ORCL, SCHW, TSLA, ONON, PSFE, DECK, WDC, PARA, MBIN, STNE, MPC, AXON, AKAM.



Read more at Nasdaq: Stocks Settle Higher on Expectations for US Apr CPI to Moderate