Nasdaq hits record high, tech strong, consumer sentiment falls, Boeing slips, GameStop gains

From Investing.com: 2024-06-14 16:13:32

The Nasdaq closed at a record high, with tech leading the way, and expectations for Federal Reserve rate cuts driving gains, while consumer sentiment took a hit with the University of Michigan’s preliminary index falling to 65.6 in June. Boeing slipped due to fresh regulatory probe concerns, while GameStop cut losses as memeking Roaring Kitty nearly doubled his stake. Adobe soared after strong earnings, and Tesla gained as Musk won shareholder backing for a $56 billion pay package and the company’s reincorporation in Texas.



Read more at Investing.com: Nasdaq clinches all-time high close as tech reigns supreme By Investing.com