Markets Mixed as Investors Eye Key Inflation Data
Nasdaq hits record highs while Dow dips; crucial PCE inflation report expected by week's end.
- US stocks opened mixed with the Nasdaq reaching record levels and the Dow Jones falling.
- Investors are focused on the upcoming Personal Consumption Expenditures (PCE) inflation data.
- Apple shares rose significantly due to a surge in iPhone sales in China.
- GameStop shares soared after raising $933 million from a share sale.
- Home prices continued to rise, driven by limited inventory and high demand.
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