Record Closing Highs Amid Interest Rate Catch-22
Cisco Systems(CSCO) zacks.com·2024-05-16 07:30
Wednesday, May 15th, 2024Most major stock market indices are at all-time highs as of Wednesday’s close. Today’s CPI report for April set the stock market alight from the moment of its release prior to the opening bell — and this was coming off an all-time-high close for the Nasdaq just yesterday. This CPI report put the domestic inflation trajectory back on the “soft landing” path, where it had veered away from somewhat over the previous two months, and now the Dow, Nasdaq and S&P 500 are at their highest c ...