Dow drops more than 200 points as Fed policy meeting kicks off: Live updates
Publishing timestamp: 2024-06-11 13:47:47
Summary
Stocks fell as investors worried about the Federal Reserve not reducing interest rates this year. Concerns about a slowing economy led to financial names like American Express and JPMorgan Chase falling. Tesla shareholders will vote on CEO Elon Musk's pay package. Apple unveiled new features that could lead to iPhone upgrades, causing its stock to jump. Google remains a top pick for Evercore ISI in the AI space. Small business optimism hit a high in May. Affirm's buy now, pay later loans will be integrated into Apple Pay. Barclays believes equities have room to rise. FDA advisors recommended approval of Eli Lilly's Alzheimer's drug. Tesla CEO Elon Musk threatened to ban Apple devices from his companies. S&P 500 is above its 200-day moving average, indicating an uptrend. DXC Technology stock climbed in extended trading after reports of a joint bid from Apollo Global and Kyndryl Holdings.
Sentiment: MIXED
Tickers: AMAT, COST, DXC, APO, @SP.1, NVDA, .DJI, .IXIC, AVGO, BF.B, LLY, GM, AXP, KD, RBRK, SHOP, MSI, @ND.1, ORCL, MKTX, TSLA, ASO, .SPX, TAP, PAYC, GOOGL, JPM, MSFT, AFRM, AMGN, AAPL,
Keywords: s&p 500 fut (mar'23), nasdaq 100 fut (mar'23), tesla inc, stock markets, prices, nasdaq composite, jerome powell, eli lilly and co, american express co, dow jones industrial average, united states, s&p 500 index, microsoft corp, breaking news: markets, apple inc, business news, markets, fda, jpmorgan drn, oracle corp, amgen inc, nvidia corp, rubrik inc,
Source: https://www.cnbc.com/2024/06/10/stock-market-today-live-updates.html