Nasdaq, S&P 500 hit new highs, Fed rates steady: Market trends

Yahoo Finance Video
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Yahoo Finance's Alexandra Canal joins Asking for a Trend to break down the day's market trends.

The Nasdaq (^IXIC) and S&P 500 (^GSPC) closed at new records as investors digest cooler-than-expected inflation.

The Federal Reserve left interest rates unchanged, projecting one cut by the end of the year, with most eyes on September.

Finally, Apple (AAPL) briefly surpassed Microsoft (MSFT) in market capitalization after announcing its AI initiatives.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Melanie Riehl