June's Must-See Financial Events: Fed Interest Rate Decision, Nvidia Stock Split, Apple WWDC 2024, Tesla Shareholder Meeting
In May, tech giants unveiled their quarterly performance reports, with $NVIDIA(NVDA.US$'s stellar results capturing the most attention. NVIDIA's performance helped propel the $NASDAQ 100 Index(.NDX.US$ and $S&P 500 Index(.SPX.US$ to new all-time highs.
Looking ahead, Fundstrat Global Advisors predicts that the S&P 500 could surge to 5500 points in June, a potential rise of over 5%. They cite five key catalysts that could drive the market higher:
Favorable seasonal trends; Continued decline in inflation; Low investor leverage; A record $6 trillion in "sideline cash"; Strong corporate earnings.
June is packed with significant financial events that could influence the market:
• June 7: NVIDIA will execute a 10-for-1 stock split after the market closes. Shareholders will receive nine additional shares for each common share they own, with trading on a split-adjusted basis starting June 10.
• June 10-14: $Apple(AAPL.US$'s WWDC 2024 will take place. The tech giant is expected to unveil its much-anticipated AI strategy and new consumer features.
• June 12: The Federal Reserve will announce its rate decision and economic outlook summary, followed by a press conference with Chairman Jerome Powell.
• June 13: Tesla will hold its annual shareholder meeting, which promises to be contentious. Shareholders will vote on CEO Elon Musk's $56 billion compensation package and whether to move the company's headquarters from Delaware to Texas.
• June 27: U.S. presidential candidates Joe Biden and Donald Trump will face off in their first televised debate.
Additionally, several key economic indicators will be released throughout the month, including non-farm payrolls, CPI, PPI, and PCE. These data points will be closely watched for signs of economic health and inflation trends.
Check out key events in June here：
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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