US Stocks Near Record Highs Despite Recent Volatility
Market fluctuations persist as investors anticipate Federal Reserve's next move on interest rates.
- The S&P 500, Nasdaq 100, and Russell 2000 experienced minor declines, ending the longest winning streak of 2024.
- Despite the dip, stocks remain close to all-time highs, with the S&P 500 up 17.3% year-to-date.
- Tech and consumer discretionary sectors have led recent gains, with Nvidia and AMD performing strongly.
- Gold prices hit a record high of $2,500 per ounce amid economic uncertainty and lower Treasury yields.
- Investors are closely watching Federal Reserve Chair Jerome Powell's upcoming address for signals on interest rate cuts.
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