S&P 500 Rally Hits a Wall at End of Banner Quarter

News June 28, 2024 at 02:34 PM
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What You Need To Know

  • Stocks are heading into the second half having gained about 15% this year.
  • The S&P 500 has followed up a positive first-half return with an average second-half gain of 6%.
  • Softening in the measure of inflation favored by the Fed highlights a slowing economy that's upping the risk of a policy error by the central bank, Mohamed El-Erian said.