ESALF - Investors Shrug Off Inflation For Now

Stocks had quiet start to the week, with investors anxiously awaiting Thursday's consumer price index report. That exceeded expectations, but apparently not by enough to spook markets. Tech stocks in particular rallied and the S&P 500 closed at a record high on Thursday, June 10. At the time of this writing (3:30pm on Friday), the Nasdaq (QQQ) led major indexes for the week, gaining 1.7%, whilst the S&P 500 (SP500) is up 0.2%. Dow Industrials (DJI) are down 1% week-over-week. Winners & Losers Healthcare was a major winner this week, with the iShares Global Healthcare ETF (IXJ) up 3%. Shares of Biogen (BIIB) were up 52% after its Alzheimer's treatment received FDA approval. Esai (ESALF) was up 40%. Eli Lilly (LLY) added 15%. Real estate stocks saw bids, as investors sought yield. The Vanguard Real Estate ETF (VNQ) gained 3%. Food stocks dropped after Campbell Soup (CPB) lowered its profit

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Investors Shrug Off Inflation, For Now