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Fed's Collins Says Process of Lowering Inflation May Take Longer Than Expected
While recent inflation data has been "encouraging," the process of lowering inflation may take longer than expected, Boston Federal Reserve Bank President Susan Collins said Tuesday at the 2024 Annual
Nvidia executives cashed out more than $700 million! But unable to resist the long bull market of the most important stock on Earth.
Nvidia executives have reduced their shareholding by as much as USD 700 million since the beginning of this year, with more than one-third of the internal sales occurring after Nvidia's unparalleled performance announcement in May.
S&P 500 and Nasdaq Composite Push Deeper Into Record Territory
Stocks rose slightly Tuesday morning.
Express News | US May Retail Sales MoM 0.1% vs 0.2% Forecast, Prior 0%
2024 Half-Year Recap | Top Performing Sectors & Stocks
The information technology sector led all major sectors with a cumulative gain of 28%, followed closely by the communications services sector, which saw nearly a 25% increase.
Bid from foreign investors pushed South Korea's stock market to a more than two-year high.
South Korea's stock market closed at a two-year high on Tuesday, with foreign investors buying local blue-chip stocks after Wall Street's technology stocks led the way. The Korean won also slightly appreciated against the US dollar. On the same day, the KOSPI, South Korea's benchmark stock index, rose 19.82 points, or 0.72%, to close at 2,763.92 points, reaching a new high since February 20, 2022. The volume for the day was 552 million shares, worth KRW 13 trillion, with 497 stocks falling and 376 stocks rising. Foreign investors net bought KRW 639 billion worth of stocks that day, driving the stock market up and offsetting individuals.