Stock Market Overview
Thu, Jun 13th, 2024
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Strength in Tech Stocks Boosts the Broader Market
Barchart - Thu Jun 13, 3:45PM CDT
The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.57%.
Stock indexes on Thursday settled mixed, with the Nasdaq 100 posting a new all-time high and the Dow Jones Industrials falling to a 1-week low. Stocks found support as bond yields fell after the US May PPI unexpectedly eased. Also, weekly jobless claims unexpectedly rose to a nearly 10-month high, bolstering the outlook for a Fed rate cut later this year. Gains in stocks were limited by negative carryover from Thursday’s slide in the Euro Stoxx 50 to a 5-week low.Â
Some positive corporate news Thursday was also bullish for stocks. Broadcom closed up more than +12% to lead AI hardware stocks higher after reporting stronger-than-expected Q2 adjusted net revenue and forecasting full-year revenue above consensus. Also, Tesla rose more than +3% after CEO Musk said proposals to re-ratify his pay... Read more
Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
AP - 11 minutes ago
Tesla shareholders have voted to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year
Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
AP - 31 minutes ago
If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies
1 Industrial Dividend Stock to Snag for 24% Upside
Barchart - Thu Jun 13, 6:30PM CDT
United Rentals emerges as a top industrial dividend stock pick, with a forecast for 24% potential upside backed by JPMorgan's bullish 'Overweight' rating.
U.S. Senator John Hickenlooper Just Reported a Purchase of $FWONK Stock
Quiver Quantitative, Inc. - Thu Jun 13, 6:04PM CDT
On May 20, 2024, Senator John W. Hickenlooper (Congress Trade) made a significant stock transaction involving Liberty Media Formula One (FWONK). The trade was valued between $250,001 and $500,000 and was...
The FAA and NTSB are investigating an unusual rolling motion of a Southwest Airlines Boeing 737 Max
AP - Thu Jun 13, 6:00PM CDT
Federal officials are investigating an unusual rolling motion during the flight of a Southwest Airlines Boeing 737 Max
Elon Musk's $56 Billion Pay Deal Approved by Tesla Investors
Quiver Quantitative, Inc. - Thu Jun 13, 5:48PM CDT
Tesla (TSLA) shareholders have approved CEO Elon Musk's $56 billion pay package and the company's move from Delaware to Texas, signaling strong confidence in Musk's leadership despite ongoing challenges....
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