Nasdaq, S&P 500 post record closing highs as Apple soars

Nasdaq, S&P 500 post record closing highs as Apple soars

By Caroline Valetkevitch

Tue June 11, 2024 4:40 PM

All the indexes opened in the red, the Dow deeply over 500 points, before beginning an immediate recovery, the S&P and Nasdaq getting back into the black and staying there but the Dow never making it out of the hole. The tech indexes benefitted by a big surge in Apple, but overall caution is still mandated awaiting Wednesday’s Fed and CPI reports.  Though uneasiness prevails, the consumer still points to pretty impressive resiliency but faith in a September rate cut diminishes and is now priced in at only 50% vs Friday’s 56% and Thursday’s 68%. CPI will be released before close on Wednesday, the Fed report later.

DJ: 38,868.04  +69.05       NAS: 17,192.53  +59.40       S&P: 5,360.79  +13.80  6/10

DJ: 38,747.42  -120.62      NAS: 17,343.55  +151.02     S&P: 5,375.32  +14.53  6/11

Tue 6-11-24 4:40 pm Nasdaq, S&P 500 post record closing highs as Apple soars | Reuters