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Is Apple Intelligence impressive enough?
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Broken Record Market Sees S&P, Nasdaq Hit Highs, Apple AI Delayed Reaction | Wall Street Today

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Moomoo Recap US joined discussion · Jun 11 15:13
Broken Record Market Sees S&P, Nasdaq Hit Highs, Apple AI Delayed Reaction | Wall Street Today
The market fell but the S&P 500 and Nasdaq hit all-time closing highs, and intraday records just before the bell. Apple also hit records in a delayed reaction following its AI presentation.
By the numbers, the $S&P 500 Index(.SPX.US)$ climbed about 0.27%, the $Dow Jones Industrial Average(.DJI.US)$ fell 0.31%, and the $Nasdaq Composite Index(.IXIC.US)$ climbed 0.88%.
Overall, 7600 equities fell on the U.S. market, while 5400 climbed.
Broken Record Market Sees S&P, Nasdaq Hit Highs, Apple AI Delayed Reaction | Wall Street Today
MACRO
Investors can expect CPI data tomorrow, but most importantly, the FOMC rate decision. The Fed will also display its economic predictions, a dot plot of where members of the Open Market Committee see rates in the coming months, and signal how many rates cuts it expects to make for the remainder of the year.
Last week, investors watched labor data that appeared too hot for the possibility of a rate cut. Friday, the nonfarm payrolls release showed employment grew by 100k more jobs in May than in April, as the economy added 272,000 jobs.
SECTORS
In some sectors, publicly listed consumer tech companies fell by about 6%, following Apple's record share jump. It was the best-performing industry group tracked by moomoo.
Broken Record Market Sees S&P, Nasdaq Hit Highs, Apple AI Delayed Reaction | Wall Street Today
Gold climbed about 0.19%, Silver fell 1.60%. Crude oil futures fell about 0.27%. Bitcoin pulled back nearly 3%, sending multiple crypto stocks falling more than 4%
MOOVERS
$Apple(AAPL.US)$ was the highest gainer on the S&P 500 and Dow up about 6% after investors sold the news Monday when the firm announced Apple Intelligence- upgrades to Siri that use GTP 4 to help answer questions and generate text, and images. The stock is at a new record high over $207/share.
$GameStop (GME.US)$ shares flew 19% Tuesday afternoon, after a two-session pullback surrounding the firm's early earnings release and Kieth's "Roaring Kitty" Gills livestream Friday. Following is 12% intraday climb, options on the stock blew up to the top seven positions in the entire U.S. market ranked by options trading volume.
$Paramount Global-B(PARA.US)$ was the lowest decliner on the S&P 500, down about 10% after a late-day WSJ story dropped  more than 10% that found the possible merger between Shari Redstone and Skydance ownership had failed.
$Oracle(ORCL.US)$ annnounced Q4 adjusted EPS $1.63 vs. est $1.65 on revenue of $14.3B vs estimates of 14.5B. The firm also announced two partnerships: Oracle and Google Cloud Announced a Groundbreaking Multicloud Partnership, alongside a partnership with Microsoft and OpenAI. Shares climbed about 5% after the market closed.
WORD FROM THE HEARD: Mooers, what are you watching?
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