"Market Momentum: Stocks Surge to Record Highs Despite Caution Signals"
TL;DR Summary
Stocks built on a record-setting rally, with the S&P 500 and Dow Jones Industrial Average gaining, while the Nasdaq 100 rose, driven by an upbeat reaction to inflation data. Oil prices jumped amid signs of tight supply, reaching their highest levels since November. Mortgage rates have remained above 7%, but consumer tolerance is growing. Elon Musk sued OpenAI for allegedly abandoning its original mission and pursuing profit. Dell's shares rose following a quarterly sales and profit beat fueled by AI prospects for its servers.
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- Stocks can still rise even as momentum signals suggest caution, history finds. MarketWatch
- Stock Market Today: Nasdaq hits record high as bond yields slip; Dell surges, Apple slides TheStreet
- Why stocks could go higher | Fidelity Fidelity Investments
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