From Nasdaq: 2024-06-20 12:22:54

The S&P 500 reached a record high, driven by Nvidia’s surge, boosted by server orders for Elon Musk’s xAI startup. Dell and Super Micro also saw gains. The technology sector performed well, with Marvell Tech and AMD climbing. Economic data showed mixed results, including jobless claims drop and declining homebuilding.
Investors are monitoring potential interest rate cuts by the Federal Reserve. Hewlett Packard Enterprise’s Juniper Networks acquisition faces competition investigation. Trump Media & Technology Group’s stock declined due to equity dilution concerns. Market focus remains on tech stocks and upcoming Fed actions.



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