During a speech at the European Central Bank forum, Federal Reserve Chairman Powell acknowledged progress in inflation but emphasized that the central bank is not yet ready to lower interest rates. Investors reacted to Powell's comments and the latest employment report, with the S&P 500 index and NASDAQ index closing at historic highs on Tuesday, rising 0.6% and 0.8% to 5,509 and 18,028 points respectively; the blue-chip Dow Jones Industrial Average rose 162 points or 0.4%, to 39,331.
Among large-cap stocks, Apple (AAPL.US) and Amazon (AMZN.US) rose 1.4% -1.6%, and Tesla's (TSLA.US) stock performed well, jumping 10.2% as delivery volume exceeded expectations. However, Nvidia's (NVDA.US) stock fell 1.3% due to concerns about the sustainability of artificial intelligence-driven growth.
Trading volume in the US stock market may decrease this week. The New York Stock Exchange will close early at 1 p.m. on Wednesday, and will be closed on Thursday for Independence Day. (to) ~