S&P 500 hovers near record on encouraging inflation data: Live updates
Publishing timestamp: 2024-06-13 13:54:03
Summary
The S&P 500 slipped as traders weighed data showing easing inflation pressures. The Nasdaq Composite advanced while the Dow Jones Industrial Average slipped. The S&P 500 and Nasdaq hit record levels boosted by signs of cooling inflation. Broadcom shares surged after beating expectations and announcing a stock split, while Dave & Buster's Entertainment shares dropped. The Fed kept rates unchanged but lowered rate cut expectations. GameStop shares dropped as trading volume spiked in call options. Tesla shares rose after CEO Elon Musk said shareholder votes were on track. European stocks opened lower, and another inflation reading was expected.
Sentiment: MIXED
Tickers: .IXIC, CAT, MU, @DJ.1, PLAY, .DJI, AMZN, .SPX, TSLA, AVGO, GNRC, OXM, .STOXX, @ND.1, PARA, @SP.1, QCOM, HPE, LRCX, ORCL, MSI, NVDA, CMG, ANET, TSLA^-NL, SIG, SMCI, SPCE, CRM,
Keywords: s&p 500 index, breaking news: markets, dow jones fut (mar'23), tesla inc, salesforce inc, business news, caterpillar inc, markets, broadcom inc, amazon.com inc, dave & buster's entertainment inc, s&p 500 fut (mar'23), nasdaq composite, generac holdings inc, dow jones industrial average, stock markets, united states, nasdaq 100 fut (mar'23), paramount global,
Source: https://www.cnbc.com/2024/06/12/stock-market-today-live-updates.html