Both the S&P and Nasdaq started the session well into the red but began a recovery almost immediately to close modestly in the black. The Dow also started well in the red, some 130 points down but began a recovery around 11 a.m. for a straight trajectory up to also close modestly in the black. Once again, all eyes are on Wednesday’s Fed announcement and that compounded by CPI data, all of which will be parsed for clues on the hoped for September rate cut. Though trading was muted ahead of Wednesday, the upward trajectory would suggest optimism.
S&P 500, Nasdaq post record closing highs; Fed
meeting, CPI ahead
Mon June 10, 2024 5:20 PM
DJ: 38,798.99 -87.18 NAS: 17,133.13 -39.99 S&P: 5,346.99 -5.97 6/7
DJ: 38,868.04 +69.05 NAS: 17,192.53 +59.40 S&P: 5,360.79 +13.80 6/10
Mon 6-10-24 5:20 pm S&P 500, Nasdaq post record closing highs; Fed meeting, CPI ahead | Reuters
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