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forecast raiseYahoo Finance
•86% Informative
All three major averages ended a trading week having hit new records.
The Nasdaq Composite (^IXIC) rose more than 2% while the S&P 500 (^GSPC) popped more than 1.5% .
April 's Consumer Price Index showed core prices, which strip out the more volatile costs of food and gas, rose 3.6% over last year .
This prompted investors to price in two full interest rate cuts for the first time since April .
Energy and Utilities are two of the best performing sectors in the S&P 500 this year .
Goldman Sachs' equity strategy team led by David Kostin shows mentions of AI soared in the first quarter .
More than 66% of companies in the energy sector mentioned AI during their earnings calls this quarter , up from 19.1% last quarter .
VR Score
93
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97
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60
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