MRKT Call

Stocks Close at Record Highs + Apple Unveils AI Plan

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MRKT Matrix - Monday, June 10th

  • S&P 500 and Nasdaq close at fresh records, clinch first winning day in three as Fed decision approaches (CNBC)
  • Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more (CNBC)
  • JPMorgan Warns of a Shock to Stock Market’s Calm From CPI, Fed (Bloomberg)
  • Apple Debuts Long-Awaited AI Tools, Including ChatGPT Tie-Up (Bloomberg)
  • OpenAI Hires Sarah Friar as CFO, Kevin Weil as Chief Product Officer (The Information)
  • Nvidia could one day be an unprecedented 15% of the S&P 500, predicts Evercore ISI (CNBC)
  • ‘AI bar remains high’ for AMD, says Morgan Stanley as it slashes rating (MarketWatch)
  • Elliott Takes Big Stake in Southwest Airlines (WSJ)
  • FDA advisers say Eli Lilly’s Alzheimer’s treatment is effective (CNBC)
  • Office Building Losses Start to Pile Up, and More Pain Is Expected (NYTimes)
  • The Unlikely New Real-Estate Darling: Restaurants (WSJ)
  • Gas prices see ‘ultra-rare’ drop to start summer (MarketWatch)
  • Meta Gets Supreme Court Review on Investor Data-Harvesting Suit (Bloomberg)


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