Tech Leads Light Gains Ahead of Inflation Report
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Nvidia slumped again, but many software and cloud stocks gained, and the market rose slightly ahead of Friday's PCE data. Yields fell and will be in focus after the report.
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Wall Street's rally came despite rising Treasury yields and crude oil. The yield rally could reflect increased deficit and inflation fears connected to recent political developments.
Published 07/01/24
Published 07/01/24
An early rally to all-time highs reversed and stocks ended lower as yields climbed amid political uncertainty. The broader market rose 4% for the quarter and 14% so far this year.
Published 06/28/24
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