Stock Market Surges as Dow Jones and NASDAQ Reach New Highs
TL;DR
The odds of two more Fed rate hikes this year are increasing as markets anticipate a key inflation report. The stock market had a mixed session, with financials and industrials leading the way. Nike reported mixed earnings, while Apple received a new Street-high price target. The PCE inflation report is due out, following a series of strong U.S. economic reports. Dow Jones futures were little changed after hours.
Topics:businessfinance#apple-stock#fed-rate-hikes#finance#inflation-data#nike-earnings#stock-market-rally
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