Stocks Tick Higher As Inflation Eases

August 14, 2024

MRKT Matrix - Wednesday, August 14th

• S&P 500 closes higher for fifth straight day as easing inflation bolsters rate cut hopes (CNBC)

• 1 big thing: Inflation can take the back seat (Axios)

• Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year (CNBC)

• The Big Risk for the Market: Becoming an AI Echo Chamber (WSJ)

• Hon Hai Shipments of Next-Gen Nvidia Chips to Be Limited in 2024 (Bloomberg)

• US Considers a Rare Antitrust Move: Breaking Up Google (Bloomberg)

---