S&P 500 reaches new all-time high - USA and China reach trade agreement - Baidu focuses on full AI expansion - Xiaomi electrifies the SUV market and presents first AI glasses – Nike stock jumps significantly despite weak numbers - CoreWeave again pursues Core Scientific - Domo intensifies collaboration with Snowflake – DAX between tariff hopes, interest rate speculation – and economic turning point

M. Blattmann
Reading Time: 19 minutes

Wall Street records moderate gains and the S&P 500 surpasses its closing high from February 19 at 6,144.15 points, after weaker inflation data strengthened expectations for interest rate cuts from the Federal Reserve. The markets also received a boost from hopes for imminent trade agreements with key partner countries of the USA. Consumer spending dropped more sharply in May than at the beginning of the year, while the core PCE index rose by 0.2% – slightly above expectations, but still in a range that signals moderate price pressures....

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