TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Boeing’s Starliner is on its way to the International Space Station.
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00:00 I'm Conway Gittins reporting from the New York Stock Exchange.
00:02 Here's what we're watching on the street today.
00:04 Both the NASDAQ and S&P 500 notched new record highs.
00:08 It's the 25th time the S&P has set a new high this year.
00:12 Apple shares were a positive force amid optimism ahead of its developers conference next week.
00:18 Investors were stuck between hopes and fears on Wednesday.
00:22 Hopes that a weaker-than-expected private hiring report raises the odds of a September
00:27 interest rate cut, fears on the other hand that a slowing labor market could mean the
00:33 economy is tipping toward recession.
00:36 Those fears, however, were capped by data showing the massive services sector returning
00:41 to expansion in May.
00:43 Investors now await Friday's comprehensive jobs report for more clues.
00:48 In other business headlines, Boeing finally made it to space.
00:51 The Boeing Starliner reached orbit with two astronauts on board.
00:55 Butch Wilmore and Sunita Williams are heading to the International Space Station in a test
01:00 that will ultimately see the spacecraft make routine trips to space.
01:04 This crude spaceflight has been a decade in the making and suffered numerous setbacks
01:09 along the way.
01:10 The Starliner's first launch without a crew was a failure in 2019.
01:16 Then a flight last year with a crew on board had to be aborted due to safety reasons.
01:20 And just last week, another attempt was stopped because of a computer glitch.
01:25 When it comes to the space race, Boeing has a lot of catching up to do.
01:29 Its rival Elon Musk's SpaceX has made numerous successful launches into space.
01:35 And that'll do it for your daily briefing from the New York Stock Exchange.
01:38 I'm Conway Gittins with The Street.
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