S&P 500 climbs to a new record close, shrugging off inflation fears
The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures.The broad equity benchmark climbed nearly 0.5% to a record closing high of 4,239.18. The S&P 500 also hit an intraday record of 4,249.74, overtaking its May 7 high after the market traded sideways for a month. The Dow Jones Industrial Average advanced 19.10 points, or less than 0.1%, to 34,466.24, while the Nasdaq Composite gained about
Apple Car: A Bullish Driver For Apple Stock Is In The Works
Speculations about the Apple Car have surfaced again – and Apple stock spiked as a result. The Apple Maven takes another look at the autonomous vehicle opportunity.The rumor mill is churning again. According toReuters, Apple could be on the brink of striking a deal for the manufacturing of batteries that would equip the long-awaited Apple Car. The potential suppliers would allegedly be Chinese manufacturers CATL and BYD.With each leak reported about the Apple Car, it becomes increasingly more li