Retail Sales: Edged up 0.1%, below the expected 0.2% growth, indicating a decline in consumer confidence.
Durable Goods Sector:
• Wood Products: +2.6%
• Machinery: +2.3%
• Computers and Electronic Products: +0.8%
• Furniture and Related Products: -2.6%
• Printing and Related Support (Non-Durables): -1.5%
May Manufacturing Capacity Utilization:
• 77.1%, 1.1 percentage points below the long-term average.
Financial Markets:
• S&P 500 Index: +0.25%, setting a closing record for the second consecutive time.
• Nasdaq: Achieved a closing record for seven consecutive trading days.
• Dow Jones Index: Rose by 56 points.
Semiconductor Stocks
• NVIDIA: +3.51%
• Qualcomm: +2.2%
• TSMC: +1.4%
• Micron Technology: +3.8%
Federal Reserve Signals: Mixed signals from Federal Reserve officials, with some suggesting a possible rate cut later this year.
U.S. Market Halt: Pausing on Wednesday to celebrate Juneteenth.
Manufacturing Output: Robust growth of 0.9%, increasing by 0.93%! Durable goods up 0.6%, non-durables surged 1.1%, and publishing/logging slightly increased by 0.2%.
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