are near flat Thursday night as traders await closely followed inflation data. They are also counting down to the end of what has been a strong first half of the year.on Wall Street as investors brace for the release of May's core personal consumption expenditures price index, known as the PCE, Friday morning. Theinflation gauge, the headline PCE reading is expected to be flat from April and higher by 2.6% compared to a year ago.
The AI theme has"taken over this entire year and really propelled the concentration in the overall market," said Mike Dickson, head of research and quantitative strategies at Horizon Investments."That's resulted in a really strong year." For this week alone, the Nasdaq has advanced nearly 1%. The S&P 500 has ticked up around 0.3%, while the Dow is near its flatline.." He added that the hypothetical scenario was"worse" than the 2008 global financial crisis."U.S. banks are in a very good, resilient place," he continued., in particular, was"a surprise." Shares of the firm were marginally higher during Thursday's trading session and are up about 19.7% this year.fell more than 27%.
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