Mixed week highlighted by record closes for S&P 500 and Nasdaq, cooler inflation data, unchanged rates.

From Nasdaq: 2024-06-14 13:25:53

The S&P 500 and Nasdaq hit record closes, while the Dow struggled. Inflation data was cooler than expected, and the Federal Reserve kept rates unchanged. KKR, CrowdStrike, GoDaddy, and Arm Holdings are set to join major indexes. Eli Lilly, Oracle, and Birkenstock also hit record highs this week. Tech updates include Broadcom’s strong earnings report and split, and AMD’s downgrade. Apple announced a partnership with ChatGPT. E-commerce stocks like Maplebear, eBay, and Sea were in focus, with Shopify getting an overweight rating. Economic data and Fed speeches are expected next week, with insights on support levels and large-cap outperformance.



Read more at Nasdaq: Inflation Data, Fed Decision Highlight Mixed Week