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Brief news summary
US stocks showed signs of fatigue on Friday as a tech-led rally paused. The S&P 500 remained unchanged, while the Nasdaq Composite gained 0.2%. The Dow Jones slipped slightly. The dip in the S&P 500 and Nasdaq was notable as it broke the recent winning streak. The rally has been fueled by Nvidia, but the company experienced a sizable loss on Thursday. Investors are also evaluating the health of the US economy and the potential for interest rate cuts. Meanwhile, home prices reached a record high in May, making homeownership more challenging.US stocks showed signs of fatigue on Friday as the tech-led rally paused. The S&P 500 remained unchanged, while the Nasdaq Composite gained 0. 2%, and the Dow Jones slipped slightly. Thursday's dip in the S&P 500 and Nasdaq was notable as it broke their recent winning streak. The rally has been fueled by Nvidia, although it experienced a loss on Thursday. Investors are also considering the state of the US economy and the possibility of interest rate cuts.
Bank of America economists forecast a positive outlook with no hard landing in sight, although risks remain. Nvidia's market cap slipped, placing it behind Microsoft and Apple. Home prices reached a new record high in May, posing challenges for potential buyers. Overall, stocks lost ground as the tech rally took a breather.
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