Category: Finance
U.S. stock markets closed higher on Friday, July 12th, with record highs for the S&P 500 and Dow on expectations of a Fed rate cut. Major banks fell, while Apple and Nvidia saw gains. Economic news included a rise in June's PPI for final demand and a decrease in the University of Michigan's consumer sentiment. All S&P 500 sectors closed higher, with IT, consumer discretionary, and materials leading gains.
Keywords: U.S. stock markets, Fed rate cut, S&P 500, Dow, Apple, Nvidia, PPI, University of Michigan consumer sentiment
Update At: 7/15/2024