News Highlights: Top Global Markets News of the Day - Thursday at 11 PM ET

S&P 500, Nasdaq Extend Run of Gains 
 

Walgreens sinks after pharmacy chain reports weak quarterly results, but Thursday continued a stretch of calm for the stock market overall.

 
Fed's Bostic sees one rate cut as likely this year but says he isn't 'locked in' 
 

Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he is sticking with his forecast of one quarter-point interest-rate cut this year, sometime in the October-December quarter.

 
First-quarter GDP grew a soft 1.4%, but the U.S. economy might have more 'spring' in its step 
 

The U.S. economy's performance in the first three months of the year didn't look much better the third time around: The government's latest estimate of first-quarter annual growth was lifted slightly to a lackluster 1.4%.

 
Weak durable-goods orders show manufacturers still stuck in mud 
 

Orders for durable goods such as autos and computers barely rose in May and underscored the ongoing weakness in the industrial side of the U.S. economy.

 
Roaring Kitty posts cryptic dog image, and shares of Chewy, GameStop react 
 

In his latest social-media post, influential trader Keith Gill, also known as Roaring Kitty, on Thursday posted an image of a dog, marking the latest in a series of cryptic posts on X.

 
Bank of Mexico Leaves Key Interest Rate Unchanged 
 

The Bank of Mexico left its benchmark interest rate unchanged Thursday in a split decision, noting market volatility in the wake of the country's elections that weakened the peso and pushed up government bond yields.

 
Tougher Stress Tests Are No Big Strain for Banks 
 

Large U.S. lenders are sitting on extra capital that could help offset other risks.

 
Pending U.S. home sales fall to an all-time low in May 
 

U.S. pending home sales fell 2.1% in May, the National Association of Realtors said on Thursday.

 
Trade deficit in goods widens in May to highest level in a year 
 

The trade deficit is expected to be a drag on second-quarter GDP growth.

 
Four-week average of U.S. jobless claims hits highest level since September 
 

Claims in latest week fall to 233,000 versus 235,000 expected

(END) Dow Jones Newswires

June 27, 2024 23:15 ET (03:15 GMT)

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