S&P Record High, Easing Inflation, Meme Stocks Cool Off 5/15/24

  • Af
  • Episode
      1525
  • Published
      15. maj 2024
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Episode
1525 of 2121
Længde
41M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

Carl Quintanilla, Jim Cramer and David Faber began the hour by dissecting this morning's CPI print. which increased 0.3% from March. That was slightly below the Dow Jones estimate for 0.4%. The easing inflation data gave stocks a boost, with both the S&P and Nasdaq both touching record highs. On the other hand, the meme stocks moved lower in today's session, cooling off from their red hot starts to the week. Also in the mix: In an interview with Sky News, JPMorgan CEO Jamie Dimon urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked.

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