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Stock impact report

Stock market today: Indexes cap stellar first half of 2024 with losses even after encouraging inflation report [Business Insider]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
The stock market closed 2024's first half strongly, with the S&P 500 up nearly 15%. Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview US indexes slid on Friday after temporarily bounding to new records, as investors celebrated the latest inflationary report. The personal consumption expenditures price index, an inflation gauge favored by the Federal Reserve, notched its lowest reading of three years. Both core and headline PCE fell to 2.6% year-to-year in May, just under the previous month's reading. Personal spending also picked up month-to-month, with real goods spending rebounding from weak April. "The soft inflation data will build the case that the Fed can start cutting rates in the coming months," LPL Financial chief economist Jeffrey Roach said. "As long as incomes grow at a healthy clip, consumers will keep spending. The key is the labor market and so now, we should shift our attention to next w Show less Read more
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