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Wall Street cast off fears of a US recession and never looked back, blazing a record-shattering path in the first half of 2024, fueled by muscular earnings and AI exuberance
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US stocks were little changed on Thursday as investors assessed fresh economic data ahead of an inflation reading key to Federal Reserve policy.
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US stocks closed mixed on Tuesday, pulled in opposite directions by the Nasdaq and the Dow, as AI chipmaker Nvidia rebounded from a three-day skid to surge nearly 7%.
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US stocks diverged Monday as chip heavyweight Nvidia's continued slide dragged on the Nasdaq to start the final week of another rip-roaring quarter on Wall Street.
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The final trading week of the month, the quarter, and the first half of 2024 will greet investors with a key inflation reading, a light smattering of corporate results, and a rush to superlatives to characterize another consensus-busting period for markets.
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Two of the major stock indexes declined on Thursday after touching record highs earlier in the session. Nvidia's record-breaking surge — which catapulted it to the title of world's most valuable public company — also took a breather.
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US stocks mostly finished in the red Friday as a tech-led rally showed real signs of fatigue for the first time in over a week.
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Stocks concluded last week on a hot streak as softer-than-expected inflation data fueled investor optimism around interest rate cuts.
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Two of the three major averages closed at fresh records on Tuesday as Apple soared to new highs. Investors braced for a new reading on consumer prices and for a Federal Reserve decision that should signpost the path of interest rates.
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Stocks closed another week near record highs as the latest jobs report showed a US labor market that's cooling, but not at a pace that economists find concerning.
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US stocks wobbled on Friday, after a jobs report seen as pivotal to expectations for interest-rate cuts showed much stronger hiring growth than expected.
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US stocks were little changed on Thursday, hovering near record highs, with investors awaiting an update on the labor market amid growing hopes for interest rate cuts.
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