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 ra🌜tes, and a report on May consumer prices. The Nasdaq was little changed.
Shares of Academy Sports + Outdoors (ASO) declined as the sporting goods and outdoor recreation gear retailer 澳洲幸运5开奖号码历史查询: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开奖号码历史查询: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开🐻奖号码历史查询:Securities 🙈and Exchange Commission (SEC) and Department of Justice investigate the software maker after it replaced its CFO following an internܫal probe of its accouౠnting practices.
Apple (AAPL) was the best-performing stock in the Dow and S&P 500, with shares 澳洲幸运5开奖号码历史查询:hitting an all-time high, a day after the iPhone maker announced its iOS 18, Apple Intelligence, and an 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) partnership with ChatGPT maker OpenAI.
Shares of General Motors (GM) gained when the 澳洲幸运5开奖号码历史查询:Big Three automaker announced a 澳洲幸运5开奖号码历史查询:$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 Brondea𓂃u, returned to that position after 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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