From Investing.com: 2024-06-24 12:41:46

The blue-chip Dow reached a one-month high as investors shifted away from AI stocks, focusing on interest rate cuts. Chip stocks like Nvidia and Broadcom fell 2%-5%, with Nvidia dropping 4.9%, reflecting profit-taking. Technology was the only sector to lag, hitting a two-week low. The market looks towards Friday’s PCE price index report for inflation indicators. Market participants anticipate two rate cuts this year, with a 61% chance of a 25-basis-point cut in September. President Biden and Trump are set to debate on Thursday in Atlanta, as market indexes show gains and losses.



Read more at Investing.com: Dow jumps amid broader market rally in countdown to inflation data By Reuters