Rate-setters have offered few clues on the timing for rate cuts this year and several Fed officials on Monday refrained from noting inflation moderating to the 2% target despite recent data pointing to easing consumer price pressures. Technology stocks kicked off the week on a strong note, driving the tech-heavy Nasdaq to its highest closing level on Monday while the S&P 500 inched closer to its all-time high hit last week.
Palo Alto Networks issues a fiscal fourth-quarter forecast that underwhelms investors, Lowe’s posts better-than-expected earnings, and Zoom Video’s outlook for second-quarter adjusted profit misses analysts’ estimates.
These companies didn't get a headstart in AI but have massive potential in the market over the long term.