Tech stocks boost market, Apple surges on AI announcements, investors cautious ahead of inflation data

From Nasdaq: 2024-06-12 10:07:00

Wall Street closed mixed with tech stocks driving gains. Dow Jones down 0.3%, Nasdaq up 0.9%, and S&P 500 rises 0.3%. Apple stock surged 7.3% on AI announcements. Investors cautious ahead of inflation data and Fed meeting. Awaiting Fed’s economic projections and dot plot. No economic data released Tuesday.

Tech sector boosts market despite overall caution. Zscaler and Microsoft gain. Inflation data and Fed meeting key focuses for investors post strong jobs report. Fed may cut rates in September. Currently, 48.3% chance of rate cut. Tech sector outperforms. Cautious trading ahead of inflation data.

Zacks targets 5 dividend stocks for retirement. Companies with solid fundamentals and dividend history. Get insights and recommendations. Apple Inc. (AAPL), Microsoft Corporation (MSFT), and Zscaler, Inc. (ZS) stock analysis available. Read the full article for more information.



Read more at Nasdaq: Stock Market News for June 12, 2024