Inflation Eases as Mega-Cap Tech Stocks Dominate Markets
S&P 500 and Nasdaq reach record highs while Tesla shareholders back Musk's contested pay plan.
- Broadcom shares surge 13% after strong earnings and stock split announcement.
- Tesla shareholders ratify Musk's $56 billion pay package despite a court ruling against it.
- Janet Yellen asserts that the U.S. national debt, now at $34.7 trillion, remains manageable.
- Producer prices fell unexpectedly in May, signaling a potential easing of inflation.
- Nvidia, Apple, and Microsoft vie for the title of the world's most valuable company.
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