From Nasdaq: 2024-06-11 07:25:54

Markets opened lower ahead of the Federal Reserve meeting and U.S. inflation report. Southwest Airlines and CrowdStrike surged, but Huntington Bancshares and Advanced Micro Devices fell. Fed Chair Jerome Powell’s press conference will provide insight into future rate cuts. Oracle is set to report Q4 earnings. U.K. wages rose, unemployment unexpectedly increased. ECB expected to maintain rates. Asian markets mixed, China yuan weakens. Semiconductor stocks outperform. Japan’s Nikkei hits 2-month high. Pre-market movers include Calavo Growers, Zedge, Yext, Cleveland-Cliffs, and Eli Lilly. U.S. earnings spotlight includes Oracle, Caseys, Academy Sports, and more.



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