Stock Market Overview
Thu, Jun 13th, 2024
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Stocks Turn Mixed on Weakness in European Stocks
Barchart - 1 hour ago
The S&P 500 Index ($SPX) (SPY) today is down -0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.70%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.37%.
Stock indexes today are mixed, with the Nasdaq 100 posting a new all-time high. Stocks found support as bond yields fell after the US May producer prices 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. Stock prices fell back from their best levels, with the S&P 500 and Dow Jones Industrials falling into negative territory on negative carryover from today’s slide in European stocks after the Euro Stoxx 50 dropped to a 5-week low.Â
Some positive corporate news is also bullish for stocks.  Broadcom is 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 is up more than +3% after CE... Read more
Is the VIX too Low?
Barchart - 9 minutes ago
The leading stock market index, the S&P 500, reached a new record high in May 2024. While the index remains near its most recent high, the equity market is waiting for the Fed to cut rates to continue...
Is Warren Buffett Really Missing Out on the AI Boom?
Barchart - 17 minutes ago
Warren Buffett has generally shied away from tech stocks, and seems to have missed out on the AI boom. However, Berkshire Hathaway's mammoth stake in Apple would mean that it gets a chance to participate...
The Latest: Italy hosts the Group of Seven summit with global conflicts on the agenda
AP - 19 minutes ago
Italy is hosting the summit of the Group of Seven industrialized nations in the wake of the European Parliament election that saw a surge in support for the far right in places like G7 members France and...
Stock market today: Wall Street falls, but hopes for AI and rates keep indexes near records
AP - 36 minutes ago
U.S. stocks are falling following mixed data on the economy, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology are keeping indexes...
How Is Intel's Stock Performance Compared to Other Semiconductor Stocks?
Barchart - 39 minutes ago
Intel's recent underperformance compared to other semiconductor stocks has made Wall Street analysts cautious about the stock's near-term prospects.
Shareholders are charting Tesla's future as voting on CEO Elon Musk's pay package comes to a head
AP - 49 minutes ago
Tesla shareholders are charting the future of the electric vehicle company Thursday as they wrap up voting whether or not to restore CEO Elon Musk’s massive pay package that was thrown out by a Delaware...
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