S&P 500 Rises On CPI Despite Hawkish Fed; Booking, Fair Isaac, KB Home Moving
Fed now sees just one rate cut in 2024.
June 12, 202414m 33s
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Show Notes
The S&P 500 and Nasdaq hit fresh record highs while small caps jumped, fueled by a tame CPI report before the open. Stocks largely held their gains despite a somewhat-hawkish Fed rate outlook, but then faded late in the session. Booking Holding broke out while Fair Isaac made a bullish move. KB Home soared initially, but slashed gains as Treasury yields pared losses.
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