Stock Markets Soar as Apple's Market Cap Surpasses $3 Trillion and Inflation Cools

1 min read
Source: Investor's Business Daily
Stock Markets Soar as Apple's Market Cap Surpasses $3 Trillion and Inflation Cools
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones spiked after inflation data showed no surprises, with Apple's stock leading the way and becoming the first company to reach a market cap of $3 trillion. Other top gainers included Salesforce, Microsoft, and Visa, which continued to rise after a breakout. The Nasdaq composite and Nasdaq 100 also performed well, on track for their best first-half performances in decades. The S&P 500 added 1%, driven by strong performances from Carnival and Nvidia. The stock market rally has seen growth stocks outperforming again, and several breakout stocks emerged, including Tidewater and Gallagher. Technology stocks in the MarketSmith Growth 250 also outperformed.

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