S&P 500 Surpasses 5,600 for the First Time, Driven by Tech Stocks and Rate Cut Optimism | Daily Market Analysis

Key events: UK - GDP (MoM) (May) USA - Core CPI (MoM) (Jun) USA - Initial Jobless Claims USA - 30-Year Bond Auction The S&P 500 closed above 5,600 for the first time on Wednesday, propelled by tech stocks and continued hopes for an earlier rate cut as Fed Chair Jerome Powell delivered his second day of testimony before Congress, a day ahead of new inflation data.

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S&P 500 Hits Fifth Consecutive Record High Amidst Fed Chair Powell's Testimony and Rate Cut Speculation | Daily Market Analysis

Key events: USA - Fed Chair Powell Testifies USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Member Bowman Speaks USA - Fed Goolsbee Speaks The S&P 500 closed at a record high for the fifth consecutive session on Tuesday as Federal Reserve Chair Jerome Powell's testimony didn't deter investors from expecting a rate cut in September.

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Tech Sector Boosts S&P 500 as Amazon Hits $2 Trillion Market Cap | Daily Market Analysis

Key events: UK - BoE Gov Bailey Speaks Eurozone - ECB's Elderson Speaks USA - Durable Goods Orders (MoM) (May) USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims  The S&P 500 closed slightly higher on Wednesday, buoyed by a record surge in Amazon, which lifted the tech sector ahead of upcoming inflation data. The S&P 500 rose by 0.1%, while the NASDAQ Composite increased by 0.5%. The Dow Jones Industrial Average climbed 16 points, or 0.04%.

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Tech Surge Lifts Nasdaq Amid Inflation Watch, Dollar Strengthens on Fed Remarks | Daily Market Analysis

Key events: Eurozone - ECB's Lane Speaks USA - Building Permits USA - New Home Sales (May) USA - Crude Oil Inventories  On Tuesday, the Nasdaq surged 1%, bolstered by robust performances from Nvidia and other tech giants, while the Dow faced pressure from retail stocks. Investor focus centered on this week's pivotal inflation data, which could shape future US monetary policy decisions.

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Market Rally Boosts Dow as Investors Shift from AI Stocks Amid Fed Rate Cut Anticipation | Daily Market Analysis

Key events: USA - FOMC Member Bowman Speaks USA - CB Consumer Confidence (Jun) A broad stock market rally pushed the blue-chip Dow to a one-month high on Monday, as investors shifted away from AI-linked stocks and added laggards to their portfolios, anticipating Federal Reserve interest rate cuts this year.

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S&P 500 Hits Record 5,500 Before Nvidia's Decline Spurs Tech Sector Pullback | Daily Market Analysis

Key events: USA - S&P Global US Manufacturing PMI (Jun) USA - S&P Global Services PMI (Jun) USA - Existing Home Sales (May) USA - Fed Monetary Policy Report The S&P 500 dipped after briefly surpassing the 5,500 milestone for the first time ever on Thursday, as Nvidia's decline dragged the broader tech sector down. The S&P 500 dropped 0.4% after hitting a record high of 5,505.23. The NASDAQ Composite decreased by 1%, while the Dow Jones Industrial Average rose by 253 points, or 0.7%.

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Record Highs for S&P 500 and Nasdaq Amid Nvidia Surge and Lower Treasury Yields | Daily Market Analysis

Key events: Eurozone - Deposit Facility Rate (Jun) Eurozone - ECB Interest Rate Decision (Jun) USA - Initial Jobless Claims Eurozone - ECB Press Conference The S&P 500 and Nasdaq reached new record highs on Wednesday, driven by Nvidia's strong performance in the tech sector and declining Treasury yields. These market movements were influenced by further signs of a cooling labor market, which boosted hopes for a potential interest rate cut by the Federal Reserve later this year.

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Nasdaq Surpasses 17,000 for the First Time Amid Market Volatility | Daily Market Analysis

Key events: USA - FOMC Member Williams Speaks USA - Beige Book Tuesday saw the Nasdaq reaching a historic high, surpassing the 17,000 mark for the first time ever. However, the index relinquished some of its gains later in the session as Apple's rally waned, though the strength in Nvidia helped mitigate downward pressure.

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S&P 500 Falls, Gold Declines on Rate Concerns, and Currencies See Mixed Movements | Daily Market Analysis

Key events:  USA - Initial Jobless Claims USA - S&P Global US Manufacturing PMI (May) USA - S&P Global Services PMI (May) USA - New Home Sales (Apr) The S&P 500 ended Wednesday in the red, falling from its recent record high as investors processed the Federal Reserve's May meeting minutes, which highlighted ongoing inflation concerns. The Dow Jones Industrial Average dropped by 201 points or 0.5%, the S&P 500 decreased by 0.3%, and the NASDAQ Composite slipped by 0.2%.

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Markets Rally with Record Highs as Investors Eye Key Earnings and Inflation Data | Daily Market Analysis

Key events:  New Zealand - RBNZ Interest Rate Decision UK - CPI (YoY) (Apr) USA - Existing Home Sales (Apr) USA - Crude Oil Inventories USA - FOMC Meeting Minutes The S&P 500 and Nasdaq reached record highs on Tuesday, as investors capitalized on a dip in tech stocks ahead of Nvidia's highly anticipated earnings report due Wednesday. The Dow Jones Industrial Average climbed 66 points, or 0.2%, while the S&P 500 increased by 0.3%, and the Nasdaq Composite rose by 0.2%.

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