Imports for May were lower than expected, impacting import and export prices

From Nasdaq: 2024-06-14 10:37:00

Last week saw crucial economic data releases and quarterly reports from companies like AVGO and ADBE. Market showed a split trend, with Nasdaq and S&P 500 up but Dow and Russell 2000 down. NVIDIA’s success (+41% in past month) indicates positive A.I. drive, benefiting tech stocks.

Current market trend leans towards A.I. stocks, with Nasdaq relatively strong. Today, Import and Export Prices for May saw declines, first drop since 2023. Lower fuel prices impacted import prices at -0.4%. Export prices also fell to -0.6%, showing decreasing inflation amidst global trade changes.

Consumer Sentiment in June is expected to improve to 71.5, indicating a positive outlook. Cleveland Fed President Mester and other officials will discuss monetary policy. Zacks offers a Special Report on 5 high-dividend stocks for retirement planning, covering various sectors like energy, finance, and retail.

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