S&P 500 Rises On CPI Despite Hawkish Fed; Booking, Fair Isaac, KB Home Moving
Fed now sees just one rate cut in 2024.
Stock Market Today With IBD · Investor's Business Daily
June 12, 202414m 33s
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
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.
Learn more about your ad choices. Visit megaphone.fm/adchoices