Index movements were small on the New York stock exchanges on Thursday, the day after the mixed messages about the state of the American economy. On the one hand, the latest inflation statistics were encouraging; on the other hand, the central bank, the Federal Reserve, hinted that there would only be one interest rate cut this year.
The broad S&P 500 index rose 0.2 per cent and the technology-heavy Nasdaq composite index went up 0.3 per cent, while the Dow Jones industrial index fell 0.2 per cent.
Among the winners was Tesla, since the electric car giant's CEO Elon Musk wrote on X that the company's shareholders had voted "by a wide margin" in favour of his remuneration package worth around 500 billion kronor. The share rose 2.9 per cent.
Chip manufacturer Broadcom also did well. The share surged 12.3 per cent after the company reported higher profits than expected during the last quarter. Broadcom also raised its revenue forecast for the full year 2024.
