Artificial Intelligence Identifies AMC And Beyond Meat Among Today's Top Shorts

Supposedly, inflation is no longer as much of a concern for investors as stocks staged a furious rally despite inflation coming in at its hottest level since August 2008. The consumer price index for May accelerated by 5% from a year ago, which exceeded the consensus estimate of 4.7%. However, many economists say that this number may be skewed by used-car sales. Yet, the S&P 500 hit its first intraday record since May, while both the Dow and Nasdaq NDAQ skyrocketed as well. The Dow Jones DOW rose 275 points, the S&P 500 climbed 0.6%, and the Nasdaq gained another 0.7%.