The S&P 500 and the Nasdaq Composite largely held on to gains in choppy trade ahead of key inflation data.
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeahead of key inflation data. The S&P 500 closed virtually unchanged, up 0.23 points, while the Nasdaq Composite added 0.
Capital investment is "going to be the lynchpin around which this market advances or goes down pretty hard from here," Niles said, adding that the supply of AI chips is catching up with demand.
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