Wall Street, speech at the June 12, 2024 meeting

Major US stock indexes recorded mixed performancesafter the publication of May inflation data. There are no surprises from the FED. The US central bank has decided to do just that not change interest ratesaccording to the consensus of analysts.

The Dow Jones closed 0.09% lower at 38,712, while the S&P500 rose 0.85% to 5,421 after reaching an all-time high of 5,447. The Nasdaq performed very well (+1.53% at 17,608 points, a new high below 17,725 points).

GameStop remained under pressure (-16.5% to $25.46 from an intraday high of $33.7), after strong volatility in previous sessions. The company announced that it had placed 75 million shares in the market, raising $2.14 billion in resources (before commissions and expenses). The manager detailed that the collected money will be used for general purposes, including investments and possible acquisitions.

Definitely a positive day for Oracle (+13.3% to $140.38), following the release of Q4 2023/2024 financial results and announced partnerships in the field of artificial intelligence.

More shopping at Apple (+2.86%) after the jump achieved in the previous session.

This note is for informational purposes only, is subject to change at any time, and cannot be construed as a solicitation for public funding. The site does not guarantee the correctness and is not responsible for the use of the information contained in it.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top