From Yahoo Finance: 2024-06-15 00:06:00

US stocks traded mostly lower on Friday, but ended the week higher after a cool May CPI report. The Nasdaq 100 closed at record highs due to AI excitement and strong earnings from Broadcom and Adobe. Recent Fed comments hint at imminent interest rate cuts if inflation data continues to cool. The S&P 500 and Nasdaq 100 hit record highs, fueled by AI excitement, with the Nasdaq 100 up over 3% for the week. Federal Reserve comments suggest a potential rate cut, with a 61% chance seen for a cut at the September FOMC meeting. Commodities, bonds, and crypto saw mixed movement at the closing bell on Friday.



Read more at Yahoo Finance: US stocks end the week higher after cool inflation, Apple AI hype