Fed Rate Hike on Hold as S&P 500 Hits New High

The S&P 500 hit an all-time high last week, and positive inflation data has put September's expected Fed rate hike on hold.

Rothschild upgraded Apple to Buy with a $400 target price. Meanwhile, JPMorgan slashed York Space Systems' price target in half to $17 from $38.

The threat of U.S. naval blockades on Iranian ports drove Brent Crude to $89 and may keep oil prices in the $75 to $80 range near-term.