Stock Market Overview
Thu, Jun 13th, 2024
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Stocks Turn Mixed on Weakness in European Stocks
Barchart - Thu Jun 13, 10:10AM CDT
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
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