Stock Market Winners & Losers: Stocks Search for Direction | Summer Airline Travel Equals More Flight Delays | Amazon Braces for a Prime Day Showdown
Federal Reserve Chief Jerome Powell noted progress on inflation but said rate cuts aren't imminent. The S&P 500, driven by Tesla's gains and Nvidia's losses, is up nearly 15% this year. The June jobs report, due Friday, is awaited. AI played a major role, with Nvidia surging ~150% since January 1. U.S. summer air travel is booming, with 2.99 million flying on June 23 and 32 million travelers expected through July 8. Airlines face challenges including Boeing delays, a shortage of air traffic controllers, and extreme weather. Amazon’s Prime Day next week follows a record $13 billion in sales last year, with rival sales from Walmart, Target, and Best Buy.
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