Dow tops 40,000 for the first time: Will the U.S. market rally march on?
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June's Must-See Financial Events: Fed Interest Rate Decision, Nvidia Stock Split, Apple WWDC 2024, Tesla Shareholder Meeting
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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RIDZ_24 : finest
ByUncle : All the way up
70185181 : I hope Trump will be elected as the next president and sit back and wait for Trump to fix Biden.
KL6808 : Being such a big country, it's rather sad that there are only two parties, Democrats and Republicans, two elderly candidates, Biden and Trump to run for the presidential election.
Instead of the well being of the country and the rest of the world, they are more interested in hostility and to invoke polarisation.
Lauriebro : seems to me this is a wait and see option..
KingThundaStorm : Meh
bright Lemur_1252 : Great information time to make some money
Richard Settles : Trump will turn us into communist/facioust China, north Korea and he will never leave and avoid accountability for the rest of his crimes. BIDEN HARRIS MUST STAY IN OFFICE
Skulltrader 70185181 : ?
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