S&P 500 turns lower after topping 5,500 for first time ever
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The S&P 500 fell 0.4% after reaching an all-time high of 5,505.23. Nvidia lost gains and ceded its position as the most valuable company to Microsoft. Rival chipmaker AMD traded up 4% after being flagged as a top pick. Accenture stock rose 7% after forecasting annual revenue growth above estimates. Trump Media & Technology Group stock fell 13% after a ruling allowing investors to swap derivatives for shares. Housing starts slumped 5.5% in May. Fed officials expressed caution about rate cuts. FOMC member is set to speak later in the session.
https://www.investing.com/news/stock-market-news/us-stock-futures-climb-higher-nvidia-remains-in-demand-3489633
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