US Markets Highlights — Jun 24, 2026 | Aivina
June 24, 2026
US equity markets saw mixed movements, with the S&P 500 and NASDAQ advancing, primarily driven by continued strength in the technology sector, particularly Nvidia. Economic data presented a mixed picture, with April PCE inflation holding steady and core measures remaining elevated, while recent manufacturing data and jobless claims showed signs of softening. Federal Reserve officials maintained a cautious stance, emphasizing data dependency and reiterating that interest rate cuts are not imminent, keeping the 'higher for longer' narrative intact.
Highlights
- Technology stocks surged higher; S&P 500 recorded gains; driven by AI optimism.
- Nvidia's strong performance continued; boosting NASDAQ index; leading market strength.
- Mixed economic reports emerged; jobless claims rose; manufacturing data contracted.
Macro Overview
Inflation
April PCE data showed inflation steady; core measure remained elevated, above Fed target.
Interest Rate Outlook
Fed officials reiterated data dependence; rate cuts not imminent; 'higher for longer' stance.
Risk Sentiment
neutral
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