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June S&P 500 futures (ESM23) are trending up +0.12% this morning after the S&P 500 and Nasdaq 100 closed sharply higher on Thursday as blowout guidance from Nvidia and progress on debt ceiling talks boosted market sentiment, while investors awaited a reading on the Federal Reserve’s preferred inflation gauge.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.88%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.11%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +2.46%. Stock indexes Wednesday settled mixed, with the Nasdaq 100...
As inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while the lower-income shopper continues to cut back their purchases, according to the latest batch of earnings reports
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