Stock Market Performance

Nasdaq 100 and S&P 500 close at record highs as tech stocks lead gains. U.S. Treasury Secretary Janet Yellen expresses optimism about disinflation progress. Market anticipates rate cut in September.

Stock Market Performance and Economic News

Nasdaq reaches record high as Powell reassures investors; U.S. producer prices rise in April; investors await Consumer Price Index report; tech stocks perform well; Home Depot and Alibaba shares decline; Biden announces tariff increases on Chinese imports; GameStop shares rally; AMC Entertainment and Koss Corp also see gains.

Investors' Sentiments and Market Outlook Post Strong First Quarter for S&P 500

Investors are preparing for what comes next after a strong first quarter for the S&P 500, with concerns about potential risks but overall confidence in the market's performance. Traders are showing interest in tail-risk hedges and meme stocks, while also keeping an eye on interest rate cuts and tech stock performance.