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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Despite Federal Reserve Chairman Jerome Powell this week emphasizing the need for higher confidence in inflation control and the Fed’s updated median projections indicating only one interest rate cut in 2024, investors remain optimistic that rate cuts will begin in September.

Expectations of continued cooling inflation have bolstered the S&P 500 and Nasdaq this week. The S&P 500 and Nasdaq Composite ended the week up by about 1.6% and 3.2%, respectively. However, the Dow Jones Industrial Average recorded a 0.5% weekly loss.

Meanwhile, the University of Michigan's Survey of Consumers revealed a decline in consumer sentiment, dropping to 65.6 in June from 69.1 in May, falling short of the 71.5 Full story available on Benzinga.com