To begin the trading day, investors should be aware of the following five important points:
1. A hot run
Tuesday, the most recent trading day before markets were closed on Wednesday in observance of the Juneteenth holiday, saw the S&P 500 set yet another record.
2. Magnum
The stock market has a new king. On Tuesday, Nvidia overtook Microsoft as the most valuable publicly traded business globally. The chipmaker’s stock increased 3.5% on the day, putting its market valuation at $3.34 trillion, surpassing Microsoft’s $3.32 trillion.
3. Hardy Boeing
Boeing CEO Dave Calhoun faced questions on Tuesday from a Senate panel regarding the company’s mistakes in safety and quality, whistleblowers’ claims of corner-cutting, and Calhoun’s own compensation package. Since a mid-air door-panel blowout on an Alaska Airlines flight in January, the reputation of the aircraft manufacturer has suffered.
4. Earnings at Darden
The parent company of Olive Garden, Darden Restaurants, released profits on Thursday that were slightly below analyst estimates but still above analyst projections.
5. A recent advancement in artificial intelligence
Ilya Sutskever, a co-founder of OpenAI, is starting a new artificial intelligence startup. He said on X that he will keep safety as the primary emphasis of his new business, Safe Superintelligence, or SSI. Sutskever had served as OpenAI’s principal scientist before.
Source (CNBC)
