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Title:Stock market today: Nasdaq, S&P 500 turn higher ahead of huge week on Wall Street | June 10, 2024
Duration:02:59:48
Viewed:3,157
Published:10-06-2024
Source:Youtube

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com Both the Nasdaq and S&P 500 reversed earlier losses on Monday as investors braced for a Federal Reserve policy decision and key inflation data in the week ahead, with Nvidia (NVDA) and Apple (AAPL) events in immediate focus. The Dow Jones Industrial Average (^DJI) dropped around 0.1%, coming off a muted end to a winning week for the three major gauges. The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each climbed about 0.1% and 0.3%, respectively. Stocks are treading water after signs of strength in a mixed May nonfarm payrolls report reinforced bets that the Fed will keep interest rates at a two-decade high for longer. Trader expectations for a cut in September have fallen, while those for November have risen, according to the CME FedWatch tool. Investors are now looking ahead to the Fed's next rate decision and May's Consumer Price Index inflation reading, both due on Wednesday, which will provide another big test for stocks. In the meantime, eyes are on Nvidia's (NVDA) stock split and a key Apple (AAPL) event as catalysts for stocks on Monday. Wall Street expects trading in Nvidia to be volatile in the wake of the 10-for-1 split as retail buyers flood in. Some strategists are calling the move a "generational opportunity." Monday also brings the first day of Apple's most highly anticipated developers conference in years, where CEO Tim Cook is expected to reveal a big push into AI to catch up with rivals. Elsewhere, investors kept a watchful eye on potential fallout from political upsets in Europe. France's President Macron called a snap national election after a trouncing from the far right in Sunday's EU-wide vote, while Germany's leader also suffered a crushing defeat. The euro (EUR-USD=X) slumped to its lowest level in a month, while the Paris stock index (^FCHI) sank around 2%. For more on this article, please visit: https://finance.yahoo.com/news/stock-market-today-nasdaq-sp-500-turn-higher-ahead-of-huge-week-on-wall-street-163014679.html



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