The US deficit far exceeded expectations, but the 'long US bond' trade still returned.

The trading of US bonds that leaned long in the past week has rebounded significantly. According to a JPMorgan bond customer survey, in the week ended June 17th, the long position of US bonds rose by 6 percentage points, pushing the net long position to the highest level since May 20th. The overnight weaker retail data further fueled the rise in US bond prices and diving yields.

wallstreetcn20:37 ET

No Stopping S&P 500's Record Rally as Nvidia Beats Microsoft| Wall Street Today

There's no stopping the S&P 500's record rally. As usual, the benchmark got a boost from Nvidia, which bumped off Microsoft as the world's most valuable company.

Moomoo Recap US16:38 ET

S&P 500 Notches Fresh Record as Nvidia Unseats Microsoft as Top Stock

The S&P 500 notched another intra-day record, as semiconductors continued to hog the limelight, with Nvidia bumping off Microsoft as the world's most valuable company.

Luzi Ann Santos16:07 ET

Fed Watch: FOMC Officials Reiterate Patience, Data Dependence, Before Cutting Rates

Fed Governor Adriana Kugler (voter) said that it is possible that the FOMC could cut rates later in 2024 but said that currently inflation is too high and that further evidence that the recent improve

MT Newswires14:32 ET

Fed's Kugler Sees Rate Cut This Year and Says Economy Is 'Moving in Right Direction'

Federal Reserve Gov. Adriana Kugler on Tuesday said "it will likely become appropriate" to cut U.S. interest rates later this year if the economy continues to slow and inflation wanes as she expects.

MarketWatch13:09 ET

Fed's Kugler Offers Four Reasons for Hope on Inflation -- WSJ

By Nick Timiraos Federal Reserve governor Adriana Kugler said she continued to anticipate it would be appropriate for the central bank to lower interest rates this year. Kugler offered four reasons

WSJ13:07 ET