From Investing.com: 2024-06-20 15:08:53

The S&P 500 fell, missing the 5,500 milestone, as Nvidia’s losses dragged down the tech sector. Nvidia lost the top spot to Microsoft, with AMD jumping 4% after being highlighted as a top pick by Piper Sandler. Super Micro Computer and Dell were flat after Musk’s announcement of xAi supercomputer project.

Accenture stock rose 7% after strong AI adoption, while Trump Media & Technology Group stock fell 13% on potential stock dilution. Winnebago stock dropped 4% on disappointing Q3 earnings.

Housing starts fell 5.5% in May, signaling a slowing economy. Fed officials seek more evidence of inflation taming before considering rate cuts. Kashkari mentions it could take up to two years to reach inflation target.



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