Key Takeaways
- The Dow and S&P 500 were lower at midday Tuesday, June 11, 2024, ahead of Wednesday's inflation report and a Federal Reserve decision on interest rates.
- Apple led Dow and S&P 500 gains after the tech giant announced its iOS 18, Apple Intelligence, and an artificial intelligence partnership with OpenAI.
- Shares of General Motors gained as the Big Three automaker announced a $6 billion stock buyback.
The Dow and S&P 500 were lower at midday Tuesday ahead of Wednesday's decision by the Federal Reserve about the future of interest rates, and a report on May consumer prices.🔜 The Nasdaq was l🌞ittle changed.
Shares of Academy Sports + Outdoors (ASO) declined as the sporting goods and outdoor recreation gear retailer 澳洲幸运5官方开奖结果体彩网:missed profit and sales estimates, blaming “economic pressures” on consumers.
Tesla (TSLA) shares lost ground ahead of this week’s 澳洲幸运5官方开奖结果体彩网:shareholder meeting where investors will decide on Elon Musk’s $55.8 billion pay package.
Autodesk (ADSK) shares fell as the 澳洲幸运5官方开奖结果体彩网:Securities 🌠and Exchange Commission (SEC♋) and Deไpartment of Justice investigate the software maker after it replaced its CFO ♉following an internal probe of its accounting practices.
Apple (AAPL) was the best-performing stock in the Dow and S&P 500, with shares 澳洲幸运5官方开奖结果体彩网:hitting an all-time high, a day after the iPhone maker announced its iOS 18, Apple Intelligence, and an 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) partnership with ChatGPT maker OpenAI.
Shares of General Motors (GM) gained when the 澳洲幸运5官方开奖结果体彩网:Big Three automaker announced a 澳洲幸运5官方开奖结果体彩网:$6 billion stock buyback, its second repurchase plan in seven months.
FMC (FMC) shares rose as the former CEO of the agricultural chemical ꧋maker, Pierre Brondeau, returned to that position aft🍨er CEO Mark Douglas stepped down.
Oil futures were down and gold prices were up. The yield on the 10-year Treasury note dropped. The U.S. dollar advanced on the euro, pound, and yen. Most major cryptocurrencies traded in negative territory.
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