U.S. stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings, particularly from tech giants like Alphabet, helped offset concerns over oil supply shocks and geopolitical tensions. Economic data indicated continued healthy U.S. growth, bolstering investor confidence and pushing major indexes higher.
Inflation concerns prevailed in Kevin Warsh’s first FOMC meeting: Fed minutes
During its June meeting, the Federal Reserve decided to keep interest rates unchanged. Committee members expressed concerns about rising inflation and ongoing supply chain disruptions.