MARKET RECAP

• US stocks +1.65%, international +1.90%, bonds +0.55%.
• Indexes closed at records this week as the rally continued, as investors are hoping that interest rate cuts later in the year are back on the board, given that US inflation eased slightly from April’s pace and that the economy might be softening a bit.
• PPI numbers were higher than expected, but CPI numbers were lower.
• The Dow broke another milestone, closing just above 40,000. See the chart below.

DOW CLOSES ABOVE 40,000

SCOREBOARD