At Extreme Investor Network, we stay on top of the latest trends in the finance world to bring you valuable insights that will help you make informed investment decisions. In a recent report, US stocks traded mostly lower on Friday but ended the week on a positive note after a cool May CPI report. The Nasdaq 100 closed at record highs, fueled by excitement surrounding artificial intelligence (AI) and strong earnings from companies like Broadcom and Adobe.
Federal Reserve comments hinted at possible interest rate cuts if inflation data continues to trend downwards. Both the consumer and producer price index rose less than expected in May, with the PPI reading the lowest in 10 months. This has led to speculation that the Fed may consider cutting rates at its September FOMC meeting.
In commodities, bonds, and crypto news, West Texas Intermediate crude oil dropped slightly, while gold saw a significant increase in value. The 10-year Treasury yield dropped, and Bitcoin also declined.
At Extreme Investor Network, we aim to provide our readers with unique insights into the world of finance and investing. Stay tuned for more updates and analysis on market trends and investment opportunities. Subscribe to our newsletter to receive exclusive content and expert advice from our team of financial experts.