Pre-Market Report – Wednesday 14th May - The Rally Continues - Nasdaq up 1.6%
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Pre-Market Report – Wednesday 14th May - The Rally Continues - Nasdaq up 1.6%
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Wall Street recorded primarily positive results as US inflation data came in slightly below expectations at 0.2% MoM rather than the 0.3% forecasted. S&P 500 up 0.72%, NASDAQ up 1.61%. Dow down. Fell at the open and dropped again before the close. Ended down 270 points, near low. UnitedHealth major drag on Dow, down 17.8% as the CEO stepped down and it suspended annual forecast. Mixed sector performance. Tech led gains. Chips did well as companies announced AI deals in the Middle East following Trump’s visit.
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