S&P 500 hits a fresh record high to start the week: Live updates
Publishing timestamp: 2024-06-17 13:52:39
Summary
Stocks rose on Monday with S&P 500 hitting a new record as Wall Street attempted to build on last week's gains. The optimism was driven by strong economic data, signs of a resilient economy, and the likelihood of potential rate cuts. Megacap technology stocks like Amazon and Alphabet rose, while Nvidia hit a record high. Investors are monitoring retail sales data and oil prices are expected to tighten in the third quarter. Federal Reserve President Patrick Harker expressed support for cutting interest rates once this year. Small-cap stocks slipped, while European markets opened higher.
Sentiment: MIXED
Tickers: ADSK, SPCE, XLK, @ND.1, @SP.1, TOL, AMCX, AVGO, .RUT, XPOF, ADBE, .DJI, .STOXX, BBY, .IXIC, .SPX, @DJ.1,
Keywords: dow jones industrial average, breaking news: markets, markets, united states, investment strategy, nasdaq composite, stock markets, s&p 500 index, breaking news: major, s&p 500 fut (mar'23), nasdaq 100 fut (mar'23), business news, dow jones fut (mar'23),
Source: https://www.cnbc.com/2024/06/16/stock-market-today-live-updates.html