S&P 500 Gains and Losses Today: Apple Soars on AI, ChatGPT Integration

Trending 1 week ago

Key Takeaways

  • The S&P 500 moved up by astir 0.3% to deed a caller all-time precocious connected Tuesday, June 11, arsenic nan tech assemblage helped assistance markets up of caller ostentation information and economical projections from nan Federal Reserve.
  • Apple shares jumped arsenic investors responded to announcements of caller artificial intelligence (AI) features, including nan integration of ChatGPT.
  • Paramount shares plummet connected reports that merger talks pinch Skydance person fallen apart.

Lifted higher by a large time for Apple (AAPL), some nan S&P 500 and Nasdaq deed all-time highs connected Tuesday. 

The S&P 500 gained 0.3%, nan Nasdaq jumped by almost 0.9% connected tech assemblage momentum, and nan Dow closed Tuesday little by 0.3%. 

The tech assemblage helped lead gains while financials fell arsenic investors eyed respective economical releases tomorrow, including nan Consumer Price Index (CPI) ostentation study for May and economic projections from nan Federal Reserve.

Apple shares surged much than 7.3% to a grounds precocious to lead nan benchmark index, arsenic investors continued to digest nan artificial intelligence (AI) developments introduced by nan iPhone shaper during its Worldwide Developers Conference, including integrating ChatGPT. Arista Networks (ANET), Seagate Technology (STX) and NetApp (NTAP) were different tech companies that moved higher today. 

Agricultural sciences institution FMC Corp (FMC) was up astir 4.0% aft its President and CEO Mark Douglas announced he would measurement down, efficaciously immediately. The company's erstwhile CEO, Pierre Brondeau, will travel retired of status to return complete nan role.

Shares of O’Reilly Automotive (ORLY) were higher by 2.6% aft nan car parts retailer moved guardant pinch a colony complete workplace issues connected salary and breaks.

Paramount Global (PARA) shares dove much than 7.9%, nan astir successful nan S&P 500 today, aft reports said talks collapsed down complete a projected merger woody pinch Skydance. The Wall Street Journal reported that Chairwoman Shari Redstone is still seeking a woody for nan company, citing sources.

Shares of NextEra Energy (NEE) moved little by 5.5% aft investors were unhappy pinch nan guardant guidance nan institution released astatine its investor time today, which showed net per stock (EPS) projections for 2027 were little than expert estimates.

Source investopedia