S&P 500 Gains and Losses Today: Broadcom Stock Soars After AI-Driven Revenue Beat

Key TakeawaysThe S&P 500 added 0.2% on Thursday, June 13, 2024, extending its string of record closes as the latest producer price index data reaffirmed a cooldown in inflation.Broadcom shares soared after the chipmaker topped quarterly sales estimates, citing strong demand for AI products. Shares of Paramount Global tumbled amid reports that its controlling stakeholder ended merger negotiations with Skydance Media. The S&P 500 and Nasdaq Composite extended their winning streaks Thursday after another infla ...