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

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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.

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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.