Trump Considers Clemency for High-Profile Figures Including Ghislaine Maxwell and Sean “Diddy” Combs

Thank you for your request! Based on your instruction to generate **US stock news articles only**, here's an original blog piece focused on US market developments: --- **Title:** Wall Street Wrap: Tech Stocks Surge Amid Rate Cut Hopes, Market Eyes CPI Data Next Week **Body:** As the S&P 500 heads into the final weeks of the first half of 2024, investors are riding a wave of optimism. Major US stock indices, led by tech giants like NVIDIA (NASDAQ: NVDA), Apple (NASDAQ: AAPL), and Microsoft (NASDAQ: MSFT), notched fresh all-time highs this week. Many on Wall Street are crediting the gains to renewed hopes for lower interest rates and impressive corporate earnings. **AI Boom Keeps Driving Market Gains** The story of 2024 continues to be the artificial intelligence (AI) boom. NVIDIA’s 10-for-1 stock split and another round of blockbuster earnings gave a jolt to the broader semiconductor and technology sectors, while other AI-adjacent stocks, including Advanced Micro Devices (NASDAQ: AMD) and Palantir (NYSE: PLTR), saw healthy upticks. **Federal Reserve Signals, Economic Data in Focus** A key driver has been the Federal Reserve’s slightly dovish tone this week. While the Fed held rates steady, officials signaled the possibility of at least one rate cut before year’s end. This stance has reassured investors that a soft landing—a slowdown in inflation without a major economic downturn—is still within reach. Next week, all eyes will turn to the June Consumer Price Index (CPI) report, which could alter the interest rate outlook once again. Analyst consensus still expects inflation to cool, but any surprises could cause volatility across the board. **Sector Highlights: Energy and Financials** Apart from tech, energy stocks like ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) also rallied, rebounding on oil price strength and OPEC+ supply management. Big banks, including JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC), moved higher as bond yields stabilized. **IPO Watch and Earnings Ahead** On the IPO front, anticipation is building for Silicon Valley firm Rubrik (NYSE: RBRK) and grocery delivery startup Instacart’s upcoming listings. Meanwhile, earnings season is on the horizon; companies such as Tesla (NASDAQ: TSLA), Netflix (NASDAQ: NFLX), and Goldman Sachs (NYSE: GS) are poised to set the tone for the rest of summer. **Bottom Line** For now, the US stock market appears bullish, powered by technology optimism, rate cut hopes, and resilient consumer spending. Next week’s macroeconomic data will be crucial for maintaining momentum—or signaling the start of summer swoons. *Stay tuned for our next update as we break down the post-CPI market action and offer analysis on earnings surprises.* --- *For more US stock news and market analysis, subscribe to our newsletter!*