S&P 500 and Nasdaq Hit New Highs | Closing Bell

Market Performance & Trends - S&P 500 closed just below 6400, up approximately 04% on the day [6] - Dow Jones Industrial Average closed higher by about 05% for the day, with a weekly gain of about 13% [7] - Nasdaq 100 and Nasdaq Composite each rose about 025% on the day, 1% on the week [7] - Russell 2000 also participated, up 04% on the day and about 09% on a weekly basis [7] - Broad-based buying with 332 names in the S&P 500 to the upside [8] Sector & Company Specific Highlights - Materials and Industrials each gained about 2%, and Consumer Discretionary up about 08% [8] - Energy sector was lower by 04%, and Communication Services moderately lower [8] - Deckers (UGG and HOKA) saw UGG sales rising about 19% and HOKA sales increasing roughly 20% [10] - Yeti's stock was up about 56% following reports of potential takeover interest [11] - Tesla was a top gainer in the Nasdaq 100, with the stock up about 35% [14] - Intel's stock was down 85% after the CEO's comments sparked concerns about cost-cutting [16] - Charter Communications was down 85% after reporting a loss of 111000 residential high-speed internet customers [21] - PINNACLE Financial Partners and SYNOVUS were both down 12% and 125% respectively, after agreeing to an all-stock transaction valued at $86 billion [22] Federal Reserve & Economic Commentary - Former Dallas Fed President suggests it's not time to act in July but potentially in September [2][3] - Discussion around the pressure on the Fed and next week's Fed meeting [2] - Modest downward movement in yields, about one basis point across the board [23]