(Bloomberg) — Wall Street traders gearing up for key inflation data sent stocks to fresh all-time highs. Treasuries retreated while the dollar notched its longest winning run in more than two years.
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On the eve of a report expected to show consumer prices continued to moderate, the S&P 500 approached 5,800. The gauge hit its 44th record in 2024, with tech shares once again leading the charge. Apple Inc. climbed 1.7%. Nvidia Corp. halted a five-day rally. Tesla Inc. edged lower ahead of the Robotaxi launch. Alphabet Inc. fell 1.5% on news the US is weighing a Google breakup in a historic big-tech antitrust case.
Major technology stocks have undergone volatility in both directions of late, but weakness represents an attractive buying opportunity, according to Solita Marcelli, chief investment officer Americas at UBS Global Wealth Management.
“We remain positive on the tech sector as well as the outlook for…
