Stocks extend run

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 8 July 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets hit new highs; Markets anticipate inflation data; Corning pops on AI strength; TSA screens record number passengers.

Transcript

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0:00.0	This is the Marketplace Minute.
0:03.2	I'm Megan McCarty Carino.
0:04.8	More record highs on Wall Street today with the S&P adding a tenth of a percent
0:09.3	and the Nasdaq three-tenths percent,
0:11.2	while the Dow stayed basically flat.
0:13.9	Markets are anticipating a busy economic week with Federal Reserve Chair Jerome Powell
0:17.9	set to testify before Congress Tuesday and Wednesday and the Consumer Price Index releasing Thursday.
0:24.0	Further evidence of cooling inflation would raise the odds of the Central Bank cutting interest rates this year.
0:29.0	Shares in Glassmaker Corning surged in trading thanks to the AI boom. The company which
0:35.6	makes glass screens for TVs and mobile devices as well as fiber optics raised its
0:41.4	outlook for sales of products used in networks that power
0:44.7	generative artificial intelligence and the Transportation Security
0:48.8	Administration reported it screened 3 million passengers at airport Sunday after the 4th of July holiday weekend,
0:56.0	the most ever in a single day.
0:58.0	I'm Megan McCarty Carino with the Marketplace Minute. minute.

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