Nasdaq and S&P 500 reach all-time highs fueled by tech surge.

From Finimize: 2024-06-13 19:58:41

Nasdaq and S&P 500 hit all-time highs, Nasdaq up 0.3% to 17,667.56 and S&P 500 up 0.23% to 5,433.74. Dow slipped 0.17% to 38,647.1 on June 13, 2024.

Tech sector drives market growth, S&P 500 tech surges, Semiconductors Index at all-time high. Broadcom stock soars 12.3%, Nvidia and Tesla rise 3.5% and 2.9%. Apple up 0.5%, Adobe jumps 14%.

Tech excels but broader market struggles, Dow down 0.17%, Industrials drop 0.6%, small-cap stocks fall 0.9%. Declining issues outnumber advancing ones, trading volume below average.

Economic slowdown fears rise, consumer prices flat, unemployment claims high. Producer Price Index drop sparks Fed rate cut speculation, one expected this year. Mixed signals suggest economic challenges despite tech success.



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