This article will be updated throughout the day, so check back often for more daily updates.
The S&P 500 is trading back above the psychologically sensitive 6,000 level once again as the markets keep it together. U.S. and Chinese officials are expected to restart trade discussions in Europe today. Big Tech’s Apple (Nasdaq: AAPL) is gearing up for its developer conference, WWDC, today, featuring a keynote speech from CEO Tim Cook. The markets are awaiting any advancements on AI innovation.
After starting the trading session higher out of the gate, the three major stock market averages have turned mixed. While the S&P 500 and Nasdaq Composite are holding onto slight gains, the Dow Jones Industrial Average has turned modestly lower. The SPDR S&P 500 ETF (SPY) is up 0.15%).
Chip stocks are higher, including a 3.4% gain in Advanced Micro Devices (Nasdaq: AMD). Magnificent 7 stock Tesla (Nasdaq: TSLA) is under pressure, falling 3.9%. Analysts turned skeptical on the EV stock, citing distractions stemming from tensions between CEO Elon Musk and President Trump.
On the economic front, key inflation data is anticipated mid-week with the release of the Consumer Price Index and Producer Price Index results for May.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 117.74 (-0.28%)
Nasdaq Composite: Up 86.85 (+0.42%)
S&P 500: Up 5.19 (+0.09%)
Market Movers
Meta Platforms (Nasdaq: META) is reportedly in talks to invest over $10 billion in AI startup Scale AI, per Bloomberg.
Archer Aviation (NYSE: ACHR) is climbing 5% higher today as its piloted flight program picks up speed in both the U.S. and UAE.
Quantum computing stock IonQ (NYSE: IONQ) advanced 3% after revealing a billion-dollar deal to acquire London-based Oxford Ionics.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
The post S&P 500 (NYSEARCA: SPY) Live: Broader Market Recaptures 6000 Level in Mixed Session appeared first on 24/7 Wall St..
