Posted 3/15/2024, 4:57:00 PM
Stocks Reach New Highs Before Pulling Back on Inflation Worries
- Stocks hit record highs early in the week but retreated due to higher-than-expected inflation data and producer price increases
- Gold and bitcoin also reached new highs earlier in the week before pulling back
- Airline stocks have fallen sharply this week amid ongoing Boeing issues and delivery delays
- The S&P 500 is on its longest stretch without a 2% single-day decline in about 3 years
- Key events next week include Nvidia's AI conference, addition of Super Micro to the S&P 500, a Fed meeting, and several housing market data releases