News Highlights: Top Global Markets News of the Day - Friday at 9 AM ET

S&P 500, Nasdaq-100 Futures Fall 
 

S&P 500, Dow industrials and Nasdaq-100 futures all slipped. Nvidia remains an obsession for investors.

 
Nvidia's Success Is the Stock Market's Problem 
 

The S&P 500 is soaring to new records driven by Nvidia, while less-important companies fall and remain far below their highs.

 
If You Can't Beat High Mortgage Rates, Consider Joining Them 
 

A high cost to borrow is also resulting in higher yields for investors in some mortgage bonds.

 
Knockoffs No Longer: Store Brands Get Fancy in a Private-Label Revolution 
 

Private-label products are gaining in quality and market share in the U.S., following a playbook mastered in Europe.

 
Eurozone Recovery Slows as French Uncertainty Hits New Orders 
 

French businesses reported a decline in new orders during June in response to uncertainty about the outcome of surprise legislative elections, acting as a drag on the eurozone's economic recovery.

 
Japan Inflation Picks Up, Adding to Hopes for Rate Hikes by BOJ 
 

Japan's consumer inflation picked up in May, adding to market expectations for interest rate increases from the Bank of Japan.

 
Bitcoin Price Drops. MicroStrategy Is Still Buying More. 
 

The largest crypto was falling on Friday despite a major purchase of the crypto by software company MicroStrategy.

 
Fed's Barkin Says Inflation to Linger as Rate Hikes Take Full Effect 
 

The Richmond Fed president, who is currently a voting member of the bank's policymaking committee, describes himself as a "Fed optimist."

 
U.K. Retail Sales Rebound in May 
 

U.K. retail sales volumes rose 2.9% in May, recovering by more than expected from the wet weather in the prior month.

 
U.K. Consumer Confidence Inches Up as Views of Economy Improve 
 

U.K. consumer confidence improved slightly in June on an improved assessment of the economy as inflation eases and ahead of national elections, a monthly survey said.

(END) Dow Jones Newswires

June 21, 2024 09:15 ET (13:15 GMT)

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