The U.S. stock market experienced mixed results with major indexes declining, while the Nasdaq Composite reached a record high over 20,000 for the first time.
Despite volatility, growth stocks have outperformed value stocks for three consecutive weeks, largely driven by significant gains from major players such as Tesla and Alphabet.
Consumer Price Index data indicates inflation is rising, with overall inflation edging up due to higher shelter costs, prompting expectations for a potential rate cut by the Federal Reserve.
Labor market data showed an increase in jobless claims, hinting at challenges for job seekers, which coincides with heightened expectations for a Federal Reserve rate cut.
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