Wednesday, June 5, 2024

The Big Stories -- June 5, 2024

Locator: 48063B.

Equity markets mid-afternoon, new intra-day highs for S&P and NASDAQ:

 

And with all, there's even more good news for the market, link here:

Big news stories today:

  • Canada's central bank cuts rates; joins the EU in cutting rates;
  • jobs data suggests economy slowing; all eyes on Friday's unemployment number.
  • EVs plunge in value, y/y
  • record dividends and interest income for Americans
  • Israel steps up military offensive
  • Russia's war in Ukraine has hit Gazprom's revenues hard
  • AAPL hits $3 trillion mark again
  • HPE surges on 2q24 earnings beat: it's all about AI.
  • NVDA: another record high; not today, not tomorrow, but the next day -- a 10:1 split;
  • NASDAQ and S&P 500 within 1% of all-time highs; Dow struggles
    • reverses; in the green after Canada's central bank says it will cut rates
  • DOE suggests it may start re-filling the SPR (again)
  • jet fuel: up 13% compared with same four-week period last year
  • electronic stock exchange proposed for Dallas, TX, to take on / compete with the NYSE
**************************
Background To Some Of Those Stories

 Cars, glut coming? Link here.
 
Car deals coming back: link here.

Deflation, used autos: link here.


Car sales: highest since April, 2023. Link here.


EVs plunge in value: link here.


Americans' interest and dividend income, 1Q24: sets record. Link here to The WSJ



World's richest have never been so wealthy: link here.


Texas stock exchange? Link here to The WSJ

EU falling to distant third; can't / won't catch up. Link here to The NYT


History from The BBC: D-Day deception Operation Fortitude: The WWII army that did not exist. Taylor Downing, BBC. link here.
*************************
Biggest Investing Stories

For me, without question, the two biggest investing stories today: AAPL and NVDA.

I would love to talk about both but this is not an investing site.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.