Nasdaq Hits Record High, Growth Concerns & Inflation Struggles
MRKT Matrix - Friday, May 24th Market Wrap (FactSet Data & CNBC) Highest Number Of S&P 500 Companies Citing “AI” On Earnings Calls Over Past 10 Years (FactSet) Fed’s Bostic Says Policy Is Taking Longer to Slow Growth (Bloomberg); Janet Yellen says many Americans still struggling with inflation (FT); University of Michigan Consumer Sentiment Report (Univerity of Michigan) Eli Lilly to invest another $5.3 billion in Indiana plant to expand Mounjaro, Zepbound supply (CNBC) Tesla slashes Model Y production in Shanghai, data shows (Reuters) SEC approves ether ETFs, signaling change for crypto in…
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