Stock market today: S&P 500, Nasdaq close at record highs as Powell touts inflation progress

Stock market today: S&P 500, Nasdaq close at record highs as Powell touts inflation progress
https://finance.yahoo.com/news/stock-market-today-sp-500-nasdaq-close-at-record-highs-as-powell-touts-inflation-progress-184217556.html

Summary

Certainly! Here are the key takeaways from the article:

• Stock Market Records: The S&P 500 and Nasdaq closed at record highs after Federal Reserve Chair Jerome Powell praised the "disinflationary path" of recent economic data. The S&P 500 closed above 5,500 for the first time, and the Nasdaq Composite reached a record close of 18,028[^1^][1].
• Job Openings: New data from the Bureau of Labor Statistics showed an unexpected increase in job openings at the end of May, with 8.14 million jobs available[^2^][2][^3^][3].
• Tesla's Performance: Tesla's stock surged about 10% after delivering more vehicles than expected in Q2[^4^][4].
• Housing Market: Despite rising supply, home prices continue to soar due to construction delays and other factors[^5^][5].
• Earnings Season: Expectations are high for Q2 earnings growth, but strategists caution that stock market gains may be smaller than usual following earnings beats.
• Oil Prices: Oil prices rose due to concerns about Hurricane Beryl and Middle East tensions [^6^][6].