On June 18, 2024, the New York Stock Exchange saw the S&P 500 closing up by 0.2% and the Nasdaq Composite adding 0.5%. The Dow also increased by 0.04%. Bank stocks were in focus following the Federal Reserve's announcement that major U.S. firms could withstand a severe recession. However, Goldman Sachs and JPMorgan Chase saw declines in their shares. Micron and Levi Strauss also experienced dips, with Micron issuing guidance in line with estimates and Levi Strauss disappointing investors with quarterly revenue. Investors are eagerly awaiting the latest inflation data, hoping for easing pricing pressures that could lead to interest rate cuts. Megacap tech stocks performed well, with Amazon reaching a market capitalization of $2 trillion for the first time. While some strategists foresee modest market growth, there are concerns about the sustainability of the artificial intelligence trade market. Economic indicators to watch include jobless claims, durable goods orders, and pending home sales.