After the release of the latest inflation data yesterday, stock markets experienced fluctuations. Surprisingly, the Nasdaq managed to achieve a gain of over 1% during the day. Inflation rates aligned with expectations and are reportedly below 5% for the first time since 2021. However, prominent institutions like JP Morgan have indicated the likelihood of a recession in the second half of this year.
Market snapshot as of yesterday’s close:
Insight:
Yesterday at its annual developer conference, Alphabet’s (Nasdaq:GOOG) subsidiary google rolled out its new AI-powered search engine. The tech giant joins the wave of artificial intelligence.
For something outside of the AI space: Gencor Industries, Inc. (NYSE:GENC). Through its subsidiaries, it designs, manufactures, and sells heavy machinery used in the production of highway construction materials. This year the share price is up over 30%. Check out the analysis on our webpage.
You know the drill, investing always comes with some level of risk, so make sure to do your research and consult with a financial advisor before making any big decisions. Remember, stay smart, stay informed, and stay invested!