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