The Daily

Gold rate today: Gold’s August contracts on MCX opened at Rs 96,261 per 10 grams on June 27.

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 » Read more about: Gold rate today: Check the latest prices in your city on June 27  »

If the Department of Government Efficiency (DOGE) can stop our Social Security system from sending checks to dead people, that would be a plus. Yet a far more important task is to stop the system from overpaying people who are very much alive.

 » Read more about: What DOGE Can Do For Social Security  »

UBS Global Wealth Management has revised its year-end target for the S&P 500 index, now projecting it to hit 6,200, up from its previous forecast of 6,000. This update reflects UBS’s confidence in easing trade tensions and resilient corporate earnings as factors supporting market growth.

The Swiss bank’s adjustment implies a 1% upside to the index’s last recorded position of 6,141.02.

 » Read more about: UBS's Optimistic Outlook: S&P 500 Target Raised Amid Easing Trade Tensions  »

Brian Jacobsen, chief economist at Annex Wealth Management, said, “Yields fell, the dollar weakened, and break evens rose, all suggesting that a puppet of the White House in the seat of the Chair could be bad for inflation.”  

He noted that policy decisions would still rest with the broader committee, which could keep any new chair in check if needed. 

 » Read more about: Nvidia and Super Micro extend gains as S&P 500 flirts with record  »

NASDAQ 100 Technical Analysis

The Nasdaq 100 continues to grind higher in pre-market trading on Friday, as we are most certainly in a very bullish market and really at this point in time, I just don’t see how you could get short of this market. If we do get a pullback from the PCE numbers,

 » Read more about: NASDAQ Index, SP 500 and Dow Jones Forecasts – US Indices Continue to Point Higher in Premarket  »

The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed’s 2% target. The release comes as investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures rise as Fed rate cut bets, trade talks boost spirits  »

On April 8, when stocks were on the verge of plunging into a bear market, few Wall Street experts were predicting that the market would hit a record high just 80 days later.

 » Read more about: America’s incredible stock market rebound could be completed today  »

 » Read more about: Form 8.3 – Marlowe plc – Octopus Investments  »

 » Read more about: Is Fidelity International Real Estate (FIREX) a Strong Mutual Fund Pick Right Now?  »

MANILA, Philippines — Global shares were mostly higher on Friday as the week was winding down with the Israel-Iran ceasefire still in place and signs of progress on a China-U.S. trade deal.

Investors were watching for further details after President Donald Trump said the U.S. and China had signed a trade deal.

 » Read more about: Global shares are mostly higher after US stocks rise to the brink of a record  »