The S&P fell hours after reaching its all-time high market point of 5.500 basis points


The S&P fell hours after reaching its all-time high market point of 5.500 basis points.

The Nasdaq fell by more than 1% due to a 3% drop in the tech giant’s Nvidia stock prices on Thursday. That said, Nvidia’s market cap dropped to $3.26 trillion, below Microsoft’s $3.31 trillion, with Apple in third at $3.22 trillion.

Keeping the industry stock market, Advanced Micro Devices Inc. stock prices were up by 4% on Thursday after Piper Sandler named it a top pick due to its positive outlook for the year’s second half. Accenture stock increased over 7%, while Super Micro Computer Inc. and Dell Technologies Inc.’s gains reflected a decline. Moving to today’s bogus news, the S&P 500 benchmark hits the 5.500.00 market benchmark points for the first time in its host country, yet it has dropped by 0.8% to the current level of 5.477.00 basis points. The Dow Jones, on the other hand, was up by 0.70%, which is a better preference than last week’s losses. Last week, the S&P 500 indexes scored the perfect gains for the five conference sessions, followed by four conference sessions in the tech satire with mixed fashion performance by the Dow feature.

In other economic news, Thursday’s economic data indicated a slowing economy with initial jobless claims at 238,000, higher than expected, and a 5.5% decline in May housing starts. Which could affect the interest rates that are making profits this year. Furthermore, Federal Reserve officials advised caution on rate cuts, emphasizing the need for more evidence of tamed inflation before easing monetary policy.

This week, I shuddered to hear FOMC member Thomas Barkin’s remarks following Neel Kashkari’s comments that it could take up to two years to achieve the Fed’s 2% inflation target. There are still hopes of less time elapsed after the Bank of England announced that Britain has achieved its target of tackling inflation and bringing it to 2%. On Thursday, the England Bank announced that the country’s inflation rate had drooped to 2% for the first time since 2021.



other exciting news, this time in the banking sector. The Federal Reserve post on the Liberty Street Economics blog is a very encouraging blog post. The post assesses the risk that non-banks are imposing on the U.S. big banks and banking sector as well. The post shared information that indicates that non-banks operate under less restrictive regulations than large banks, increasing interconnected risks between banks and non-banks. At the same time, the federal government urges the need for safe regulation and systemic risk surveillance that considers the close interconnectedness of banks and non-banks.

The Fed said in the post, “vectors of shock transmission and amplification, forcing authorities to intervene and do so en masse,”

Down below here are me pf he shared numbers in the post

  • The correlation of risks between banks and non-banks has increased from 65% pre-2008 to over 80%.
  • CRE is vulnerable, with $929 billion of $4.7 trillion in mortgages due in 2024, facing rising vacancies, declining valuations, and high interest rates.

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