In early morning news, Apple hits a record high, with both the S&P 500 and Nasdaq reaching all-time highs on a closing basis. Mr. Musk withdraws lawsuits against OpenAI and others.
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Here are the key points of the morning news.
●Tokyo stock market expected range: ¥870,000-¥920,000 (Closing price on the 11th: ¥913,479)
●Apple hits all-time high, analysts evaluate the Worldwide Developers Conference
●Highest updates for S&P 500 and NASDAQ in the U.S. stock market
●Mr. Musk withdraws lawsuit against OpenAI and Mr. Altman
●Tesla shareholder vote shows signs of a close race over Mr. Musk's compensation plan
●GM lowers electric vehicle sales forecast for fiscal year 2024
French Mistral AI raised about 101 billion yen from companies such as NVIDIA and Salesforce to expand its business scale.
- moomoo News Mark
●Tokyo stock market expected range: ¥870,000-¥920,000 (Closing price on the 11th: ¥913,479)
●Apple hits all-time high, analysts evaluate the Worldwide Developers Conference
●Highest updates for S&P 500 and NASDAQ in the U.S. stock market
●Mr. Musk withdraws lawsuit against OpenAI and Mr. Altman
●Tesla shareholder vote shows signs of a close race over Mr. Musk's compensation plan
●GM lowers electric vehicle sales forecast for fiscal year 2024
French Mistral AI raised about 101 billion yen from companies such as NVIDIA and Salesforce to expand its business scale.
- moomoo News Mark
Market Overview
In the U.S. stock market on the 11th, the NY Dow Jones Industrial Average fell by $120.62 to 30,8742.42 cents compared to the previous trading day, a decrease of 0.03 million8747. The Nasdaq Composite Index was up 151.017 points to 17,343. Tokyo stock market on the 12th is expected to be dominated by selling pressure on major stocks, and the Nikkei Stock Average is highly likely to fall for the first time in 3 days.
In the U.S. stock market on the 11th, the NY Dow Jones Industrial Average fell by $120.62 to 30,8742.42 cents compared to the previous trading day, a decrease of 0.03 million8747. The Nasdaq Composite Index was up 151.017 points to 17,343. Tokyo stock market on the 12th is expected to be dominated by selling pressure on major stocks, and the Nikkei Stock Average is highly likely to fall for the first time in 3 days.
Top News
Apple hits an all-time high, receiving praise from analysts.
$Apple (AAPL.US)$Apple witnessed a rebound. Despite announcing highly anticipated new AI features at the previous day's Worldwide Developers Conference (WWDC), the market had a lackluster response. However, there were analysts who significantly raised their financial estimates for the fiscal year 25 based on expectations for the iPhone's upgrade cycle, exceeding consensus.
Apple hits an all-time high, receiving praise from analysts.
$Apple (AAPL.US)$Apple witnessed a rebound. Despite announcing highly anticipated new AI features at the previous day's Worldwide Developers Conference (WWDC), the market had a lackluster response. However, there were analysts who significantly raised their financial estimates for the fiscal year 25 based on expectations for the iPhone's upgrade cycle, exceeding consensus.
[U.S. Stocks] Little movement, S&P 500 and Nasdaq hit record highs.
On the 11th, the US stock market showed little movement. The Dow Jones Industrial Average fell. The S&P 500 and the Nasdaq Composite continued to rise, setting new record highs on a closing basis.
On the 11th, the US stock market showed little movement. The Dow Jones Industrial Average fell. The S&P 500 and the Nasdaq Composite continued to rise, setting new record highs on a closing basis.
Mr. Musk withdraws lawsuit against OpenAI and Mr. Altman
American entrepreneur Elon Musk has requested the withdrawal of the lawsuit against the emerging company OpenAI, which developed the interactive AI 'Chat GPT', and its CEO Sam Altman. $Microsoft (MSFT.US)$Lawsuit was filed over the relationship between Musk and OpenAI.
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Tesla shareholders' vote shows tight race over Musk's compensation proposal.
American entrepreneur Elon Musk has requested the withdrawal of the lawsuit against the emerging company OpenAI, which developed the interactive AI 'Chat GPT', and its CEO Sam Altman. $Microsoft (MSFT.US)$Lawsuit was filed over the relationship between Musk and OpenAI.
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Tesla shareholders' vote shows tight race over Musk's compensation proposal.
GM Lowers EV sales forecast for 2024 full year.
The U.S. automotive giant $General Motors (GM.US)$On the 11th, due to the slower-than-expected growth pace in the electric vehicle (EV) market, the forecast for the full-year EV passenger numbers for the fiscal year ending December 2024 has been downwardly revised. CFO Paul Jacobson announced at an industry conference that the EV sales forecast for 2024 is being reduced from the previous range of 0.2 million to 0.3 million units to 0.2 million to 0.25 million units at the upper end of the range.
The U.S. automotive giant $General Motors (GM.US)$On the 11th, due to the slower-than-expected growth pace in the electric vehicle (EV) market, the forecast for the full-year EV passenger numbers for the fiscal year ending December 2024 has been downwardly revised. CFO Paul Jacobson announced at an industry conference that the EV sales forecast for 2024 is being reduced from the previous range of 0.2 million to 0.3 million units to 0.2 million to 0.25 million units at the upper end of the range.
Oracle stock rose 8% after-hours as the cloud infrastructure division performed well and multiple partnerships were announced.
$Oracle (ORCL.US)$Rising in after-hours trading, after announcing the financial results for the March to May quarter (fourth quarter), it is well received that the cloud infrastructure division has expanded by 43%. Although the proportion of the entire upward trend of this division is still small, the market is focusing on this division as a significant bet on the company's future growth.
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[ORCL] Oracle reports revenue and profit growth in the fiscal year ending May 2024, with a 6% increase in revenue to $52.9 billion, a 17% increase in operating income to $15.3 billion, and an EPS of $3.71.
$Oracle (ORCL.US)$Rising in after-hours trading, after announcing the financial results for the March to May quarter (fourth quarter), it is well received that the cloud infrastructure division has expanded by 43%. Although the proportion of the entire upward trend of this division is still small, the market is focusing on this division as a significant bet on the company's future growth.
Related Articles
[ORCL] Oracle reports revenue and profit growth in the fiscal year ending May 2024, with a 6% increase in revenue to $52.9 billion, a 17% increase in operating income to $15.3 billion, and an EPS of $3.71.
French AI startup Mistral AI raises 0.6 billion euros to expand its operations.
French artificial intelligence (AI) startup Mistral AI has secured funding of 0.6 billion euros for business expansion. $NVIDIA (NVDA.US)$and U.S. customer relationship management (CRM) service giant $Salesforce (CRM.US)$Raised 0.6 billion euros (approximately 101 billion yen) from sources such as OpenAI in the United States that dominate the AI market, aiming to expand business scale.
French artificial intelligence (AI) startup Mistral AI has secured funding of 0.6 billion euros for business expansion. $NVIDIA (NVDA.US)$and U.S. customer relationship management (CRM) service giant $Salesforce (CRM.US)$Raised 0.6 billion euros (approximately 101 billion yen) from sources such as OpenAI in the United States that dominate the AI market, aiming to expand business scale.
US EIA lowers outlook for crude oil prices this year, natural gas revised upward.
The U.S. Energy Information Administration (EIA) lowered its forecast for benchmark crude oil prices by about 4% in its monthly Short-Term Energy Outlook released on the 11th. It cited the recent decline in prices as a factor. The outlook for average prices this year was revised downwards for international benchmark Brent crude oil, from $87.79 per barrel to $84.15, and for U.S. benchmark WTI (West Texas Intermediate) from $83.05 to $79.70.
The U.S. Energy Information Administration (EIA) lowered its forecast for benchmark crude oil prices by about 4% in its monthly Short-Term Energy Outlook released on the 11th. It cited the recent decline in prices as a factor. The outlook for average prices this year was revised downwards for international benchmark Brent crude oil, from $87.79 per barrel to $84.15, and for U.S. benchmark WTI (West Texas Intermediate) from $83.05 to $79.70.
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Key Market Events
Source: Dow Jones, MINKABU, Wealth Advisor
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