The Stock Market Stays High Despite Harsh Inflation News

Even the FOMC meeting’s heavy inflation data cannot keep the US stock market down, as the major indices are all up in preparation for market opening this week.

The Dow Jones is up by just 0.01%, but the Nasdaq Composite is far ahead with an increase of 1.10%. The S&P 500 takes up the middle with a gain of 0.70%.

Last week’s FOMC meeting was a hard one for the stock market, with news of inflation remaining elevated the Federal Reserve looking hawkish, the stock market took a plunge. But a long Memorial Day weekend with  hope for massive retail sales has helped to lift the market slightly.

Elevated Stocks for Memorial Day Weekend

The stock market anticipates heavy trading after the weekend, especially among retailers. Walmart (WMT) stock remains high, at $65.33 a share. That is essentially the highest the retailer’s stock price has been all year, and the company had a great quarterly report to share recently that showed it was looking extremely healthy.

Microsoft (MSFT) stock is also elevated, up 10.5% over the last month alone. As Microsoft gets into artificial intelligence and prepares to set up a data research center for AI in Kenya, the company is moving forward quickly into the burgeoning artificial intelligence market.

Nvidia (NVDA) stock is up as well, climbing 0.4% just since the previous day of trading. The AI-focused company issued a very promising quarterly report and forecast for the remainder of the year, propelling their stock 28% over the last 30 days.

All three of these stocks have enormous growth potential this year, with Walmart stock standing the best chance of climbing fast by the time the long weekend is over.

Watch for growth in the AI market, as companies around the world continue to put their hats into the ring for the rapidly emerging market that could net millions for savvy investors.