CNBC Daily Open: Fed watch, Apple pops
Publishing timestamp: 2024-06-11 20:48:54
Summary
The S&P 500 and Nasdaq Composite hit record highs, driven by a shift from Nvidia to Apple shares. Apple's stock rose after announcing AI push. Elon Musk dropped lawsuit against OpenAI. General Motors trimmed EV sales forecast. OpenAI faces internal concerns over equity access. Goldman Sachs forecasts oil prices to soar. Former World Bank President criticizes Fed and Biden administration. Fed faces fresh inflation concerns. Wall Street awaits Fed's decision on rate cuts.
Sentiment: MIXED
Keywords: breaking news: markets, united states, federal reserve system, business news, interest rates, breaking news: technology, commercial banking, world markets, markets, technology, economic outlook, apple inc, dow jones industrial average, artificial intelligence, economic policy, stock indices and averages,
Source: https://www.cnbc.com/2024/06/12/cnbc-daily-open-fed-watch-apple-pops.html