genai / news / / The Star
The S&P 500 and the Nasdaq reversed earlier declines to notch fresh record closing highs.
Producer prices jumped 1.4% last month, marking the largest monthly increase in four years.
KEY POINTS
- Kevin Warsh was confirmed by the Senate as Fed chair, replacing Jerome Powell.
- Morgan Stanley raised its annual S&P 500 index target to 8,000, up from 7,800.
- Ford surged 13.2% after Morgan Stanley highlighted its energy business and CATL partnership as advantages.
- EchoStar rose 3.0% following FCC approval of a $40 billion wireless spectrum sale to SpaceX and AT&T.
COMPANIES
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