S&P 500 hits record high, Dow has best week since May; Tesla cuts 14% workforce, Nvidia briefly becomes world's most valuable company.
The S&P 500 reached new heights, with the Dow Jones Industrial Average experiencing its best week since May. Tesla cut 14% of its workforce, while Nvidia briefly claimed the title of the world's most valuable company before falling almost 7%. US oil prices rose 2.9% for the week, and Citigroup, JPMorgan Chase, Goldman Sachs, and Bank of America faced criticism for their plans to dismantle their banks.
June 24, 2024
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