Manage episode 295094986 series 2917102
The S&P 500 and the NASDAQ made new record highs but today the CPI Report was released.
Here's what is happening in the markets today, Tuesday, June 15th.
Yesterday billionaire hedge fund manager Paul Tudor Jones told CNBC that this Fed meeting could be the most important in Chairman Jerome Powell’s career. He also said that if the Fed ignores inflation, he would go “all in” on inflation trades like Gold, Bitcoin and commodities.
AMC shares surge on #AMCDay; Morgan Stanley warns of 'recipe for disaster.'
Lumber prices sink below $1,000 for the first time since March, their biggest weekly drop ever. Now down 40% since May's record high.
Oil prices hit their highest level in more than two years yesterday, with investors anticipating higher demand and lower output for crude.
The average car in the US is now 12.1 years old.
This wraps up today's stock market news.
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