From Yahoo Finance: 2024-06-06 10:13:33

US stocks were steady, with the S&P 500 and Dow Jones relatively flat while the Nasdaq dipped slightly. Nvidia surpassed Apple in market value, but the stock fell into negative territory after early gains. The Treasury yield edged up to around 4.30% after recent declines. The market anticipates a potential Fed rate cut in September, following softer economic data. The European Central Bank also cut interest rates by 25 basis points – the first cut since 2019. Lululemon shares rose 4% after increasing profit outlooks. Commercial PC sales are rebounding, driven by extended lack of upgrades and AI innovations. Chipotle CEO Brian Niccol joins the Walmart board. Lululemon’s recent quarter raised concerns over unchanged sales and missed customer trends. HPE CEO Antonio Neri shared insights on AI chip liquid cooling and Nvidia’s influence.



Read more at Yahoo Finance: Nvidia takes breather as S&P 500, Nasdaq hold near records