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Tech Shares Shine as U.S. Stocks Edge Lower After Record Highs

U.S. stocks slightly declined on Friday following a series of record highs. Gains in Adobe and other technology shares limited the losses. The Nasdaq and S&P 500 remained on track for a strong weekly performance. Investors are assessing economic data and Fed policy changes, while Nvidia briefly surpassed Apple in market value.

Nasdaq manages 5th straight record high close; S&P 500 ends barely lower

Adobe up after lifting full-year revenue forecast US consumer sentiment ebbs in June; inflation worries linger Indexes:.

Tech Stocks Propel S&P 500 and Nasdaq to New Highs Amid Rate Cut Speculation

The S&P 500 and Nasdaq achieved record highs for the fourth consecutive session, driven by strong technology shares. Despite a rise in U.S. unemployment claims, lower producer prices have fuelled hopes for a Federal Reserve rate cut in September. Broadcom and Nvidia shares soared, highlighting the tech sector's dominance.

STOCK MARKET SNAPSHOT FOR 13/06/2024 | Hellenic Shipping News Worldwide

S&P 500, Nasdaq post record closing highs; Fed meeting, CPI ahead

The S&P 500 and Nasdaq eked out record closing highs on Monday, although investors were cautious ahead of this week s consumer prices report and a Federal Reserve policy announcement. .