The major market averages (^DJI, ^IXIC, ^GSPC) inch lower after the S&P 500 and Nasdaq Composite notched new record highs in Monday's session. Apple (AAPL) stock pops off at the market open after its big "Apple Intelligence" showcase at its Worldwide Developers Conference (WWDC) yesterday. The Morning Brief Co-Hosts Brad Smith and Alexandra Canal monitor the market and sector losses, while Jared Blikre compares trading volumes to prior months. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and Fed meeting this Wednesday. U.S. stocks have erased early session losses sparked by rising volatility in Europe after the latest Parliamentary elections revealed increased support for far-right parties and Emmanuel Macron’s surprising call for snap elections in France. The S&P 50
The headline jobs number came in hotter than expected, highlighting the Fed's difficulty in determining when to cut interest rates.