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- May 15th Stock Market Update - Lower CPI print for April helps S&P 500 to higher highs
May 15th Stock Market Update - Lower CPI print for April helps S&P 500 to higher highs
$BRZE $TCOM $LYFT
Mukund Mohan
May 15, 2024
Market
“The S&P 500 and Dow both moved to all-time-highs as Consumer Price Index rose 0.3% in April, lower than 0.5% expected. This raised expectations of rate cut earlier than currently anticipated.” 😊 😋
All three indices went up over 1.3% on the day, with 2 of them at All Time Highs
Most of the gains came from Nvidia, Meta and Broadcom, all up over 3% on the day.
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Technology stocks still are your best bet in this market, heading to Summer
Monday $MDNY was up 25% on good earnings, as was SMCI, up 15% and all the #BTC stock as well as $IOT Samsara and MMYT Make My Trip.
Insights from the portfolio
Video of the day
Today’s video is on Braze $BRZE the SaaS customer engagement platform for Mid-sized businesses.
