Stock Market Overview
Wed, Jun 19th, 2024
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Strength in Chip Stocks Pushes the S&P 500 to a New Record High
Barchart - Tue Jun 18, 3:45PM CDT
The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.03%.
Stock indexes Tuesday posted modest gains, with the S&P 500 climbing to a new all-time high.  Strength in chipmakers Tuesday boosted the overall market, led by a +3% jump in Nvidia after Rosenblatt Securities raised its price target on the stock. Also, a decline in T-note yields on Tuesday supported stocks.
Tuesday’s US economic news was mixed for stocks. May retail sales rose less than expected and sparked concerns about consumer spending. However, the stronger-than-expected report on May manufacturing production eased concerns about a slowdown in consumer spending.
US May retail sales rose +0.1% m/m, weaker than expectations of +0.3% m/m. Also, Apr retail sales were revised downward to -0.2% m/m from the previously reported unchanged m/m.
US May manufacturing production rose +0.... Read more
Stock market today: Asian stocks are mixed after Wall Street edges to more records
AP - 1 hour ago
Asian stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession
UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 years
AP - 1 hour ago
Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years
3 Undervalued Dividend Aristocrats To Buy at a Bargain
Barchart - Wed Jun 19, 1:36AM CDT
Discover three undervalued Dividend Aristocrats that may deserve a spot in your portfolio.
Stock market today: Asian stocks are mixed after Wall Street edges to more records
AP - Tue Jun 18, 11:41PM CDT
Asian stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession
Assault on US avocado inspectors in Mexican state led to suspension of inspections
AP - Tue Jun 18, 11:29PM CDT
Two employees of the U.S. Agriculture Department were assaulted and temporarily held by assailants in the Mexican state of Michoacan, prompting the U.S. government to suspend inspections of avocado and...
Australian opposition puts nation's first nuclear power plants in its energy plan ahead of elections
AP - Tue Jun 18, 11:23PM CDT
Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy...
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