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The week in U.S. Business and Markets
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The week widened AI's reach from employment to consumer pricing: employers cut jobs while investing in automation, and Apple prepared price increases as AI demand lifted memory and storage costs.
Housing demand improved in May as pending sales rose across all regions, but higher construction costs and proposed Basel changes threatened affordability and mortgage credit. Housing remained a recurring focus in the week's market discussion.
Technology remained a magnet for investment as Nvidia's planned bond sale drew demand exceeding three times its size and investors sent record weekly inflows into stocks, even while the S&P 500 rally paused.
Day’s Recap