- Business Insider
The stock market has peaked and will trade flat for the rest of 2024, Goldman equity chief says
The S&P 500 has breached Goldman's year-end target of 5,200. The bank's aren't showing much more upside from here on out, David Kostin said.
- Associated Press
Javier Assad shuts down Braves as Cubs roll to 7-1 win in series finale
Javier Assad pitched six shutout innings and the Chicago Cubs avoided their first sweep of the season by beating the Atlanta Braves 7-1 on Wednesday night. Assad (4-0) allowed just four hits and walked one while matching a season high with seven strikeouts. Pete Crow-Armstrong went 2 for 4 with a triple, two RBIs and a run scored, and Seiya Suzuki and Mike Tauchman homered for the Cubs, who had 13 hits after mustering just eight while being shut out in the first two games of the series.
- Reuters
Asia rides Wall St rally, dollar sags on US inflation relief
Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year. U.S. Treasury yields extended their retreat in Tokyo trading, sinking to new six-week troughs. U.S. data on Wednesday showed the consumer price index (CPI) rose by 0.3% in April, below an expected 0.4% gain, raising hopes that the Federal Reserve can cut interest rates twice this year.
