This large-cap ETF hits a new 52-week high. Are more gains in store for this ETF?
Stocks enter the second half of the year near record highs as a crucial week of labor market data is set to greet investors.
Wall Street experienced a lackluster session during midday trading in New York, with major indices inching slightly lower despite the arrival of positive inflation data. In May 2024, the Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s key measure of inflation, fell to its lowest level since March 2021, recording an annual rate of 2.6%, which aligned with economists’ predictions. This inflation report further indicates that price pressures are moving towards the Fed’s 2%