Stocks' Record Run Extends After Soft Retail Sales
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Description
Weaker-than-expected retail sales boosted rate cut hopes, while the semiconductor rally made Nvidia the world's most valuable company.
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Wall Street got last-minute support from Nvidia's rebound while other mega caps also surged, but higher yields and a rising dollar provided pressure. Micron fell after earnings.
Published 06/26/24
Wall Street did a 180 on Tuesday, with most shares declining even as tech, led by Nvidia, gained significant ground from Monday's heavy losses. Yields fell on weak U.S. data.
Published 06/25/24
Published 06/25/24
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