Key Highlights
The S&P 500 reached a new record high on Monday, July 8, 2024, setting the stage for a week filled with significant events such as Federal Reserve chair testimony, crucial inflation data, and bank earnings announcements.
Intel’s stock saw a notable increase following analysts’ recognition of its potential to capitalize on artificial intelligence in the latter part of the year.
Paramount Global experienced a decline in its shares after finalizing a merger deal with Skydance Media, concluding lengthy negotiations.
The major U.S. stock indexes achieved fresh peaks at the beginning of the trading week, with upcoming highlights including Federal Reserve Chair Jerome Powell’s Congressional testimony, the release of the latest Consumer Price Index (CPI) report, and the commencement of earnings season with reports from leading banks.
The S&P 500 inched up by 0.1% on Monday, continuing its streak of record closing highs from the previous week. The Nasdaq also rose by 0.2%, extending its own series of record finishes. Meanwhile, the Dow closed slightly lower…
2024-07-08 16:12:31
Originally published on finance.yahoo.com