Market Pulls Back But S&P, Nasdaq hit Second Closing Highs | Market Story

moomoo News ·  Jun 11 12:15

As a recap, just past the close, the S&P 500 and the Nasdaq climbed to new closing highs.  $S&P 500 Index (.SPX.US)$ climbed about 0.24%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.32%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.87%, held up in part by the record-high roaring $Apple (AAPL.US)$ stock, enjoying a +7% climb to all-time highs one day past its AI tech announcement.

Overall, 7900 equities fell on the U.S. market, while 2300 climbed.

This week, investors can expect CPI and PPI data, but most importantly the FOMC rate decision. The Fed will also display its economic predictions, a dot plot of where members of the Open Market Committee see rates in the coming months, and signal how many rates cuts it expects to make for the remainder of the year.

Last week, investors watched labor data that appeared too hot for the possibility of a rate cut.

Friday, the nonfarm payrolls release showed employment grew by 100k more jobs in May than in April, as the economy added 272,000 jobs.

Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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