U.S. stocks ended the week with a small dip, but the S&P 500 remained near its all-time high, ending its eighth winning week out of nine. The Dow Jones Industrial Average saw a slight rise, while the Nasdaq composite fell. Nvidia’s stock took a hit, dragging down the market after rising over 1,000% since October 2022. Smith & Wesson Brands reported strong earnings but still saw a decline, while Trump Media & Technology Group recovered slightly. In the bond market, U.S. Treasury yields initially fell following weak business activity reports in Europe. The Federal Reserve aims to balance slowing down the economy to curb inflation without causing a recession. Traders are hopeful for interest rate cuts later this year. Overseas stock markets also saw declines, with European and Asian indices falling.
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https://apnews.com/article/stock-markets-rates-inflation-nvidia-aaecb08ba11af68113d24e030aa212f8
