Stock Market Updates and Financial News

SOURCE www.cnbc.com
The S&P 500 rose to a new record high as Nvidia became the most valuable public company, surpassing Microsoft. The market saw gains despite weaker retail sales data. BlackRock launched a new active ETF similar to a highly rated mutual fund. Goldman Sachs raised its year-end market expectations. Federal Reserve officials commented on inflation and interest rates. Cedar Fair and Six Flags completed their merger, and Berkshire Hathaway increased its stake in Occidental Petroleum.

Key Points

  • S&P 500 at record high
  • Nvidia surpasses Microsoft in market value
  • Launch of new active ETF by BlackRock
  • Goldman Sachs raises year-end market expectations
  • Federal Reserve comments on inflation and interest rates
  • Merger completion between Cedar Fair and Six Flags
  • Berkshire Hathaway increases stake in Occidental Petroleum

Pros

  • S&P 500 reached a new record high
  • Nvidia became the most valuable public company, surpassing Microsoft
  • Positive market sentiment despite weaker retail sales data
  • Launch of a new active ETF by BlackRock
  • Raised year-end market expectations by Goldman Sachs
  • Comments from Federal Reserve officials on inflation and interest rates
  • Completion of merger between Cedar Fair and Six Flags
  • Berkshire Hathaway increased stake in Occidental Petroleum

Cons

  • Weaker-than-expected retail sales data indicating potential economic slowing
  • Market volatility and uncertainty around interest rate policies