![]() Google-parent Alphabet dipped 0.58% after "Fortnite" maker Epic Games prevailed in its high-profile antitrust trial over the company.Īdvancing issues were roughly even with decliners on the NYSE while declining issues outnumbered advancers by a 1.3-to-1 ratio on the Nasdaq. The tech sector, however, was among the best-performing, rising for a fourth straight session to close at a record high of 3,344.07, on track for its biggest yearly percentage gain since 2019. Oracle slumped 12.44% as the cloud services provider forecast third-quarter revenue below estimates on slowing demand for its cloud service.Įnergy was the worst-performing of the 11 major S&P sectors, falling 1.35% as crude prices settled down nearly 4%. The European Central Bank and the Bank of England are also scheduled to deliver their policy verdicts later this week. ![]() Markets will get another look at inflation data in the form of the Producer Price Index (PPI) before all eyes turn to the Fed's policy announcement at the conclusion of its two-day meeting on Wednesday. Wren also said stocks were facing resistance at their highs of the year, with a strong push to the upside unlikely for the near-to-intermediate term.Īnother factor dampening volatility could be an options expiration at the end of the week, with the S&P 500 not registering a move of 1% in either direction for 19 straight sessions, the longest such streak since August. 14, 2022, and the Nasdaq its highest closing level since March 29, 2022. 4, 2022, the S&P 500 its highest close since Jan. The Dow closed at its highest level since Jan.
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