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Asia Mixed While European Markets Recover; Crude Inches Toward $80 - Global Markets Today While US Slept
On Tuesday, June 11th, the U.S. stock markets closed mixed. The S&P 500 and Nasdaq reached record closing highs for the second consecutive day, driven by a surge of over 7% in Apple shares. Investors eagerly anticipated upcoming consumer price data and a Federal Reserve policy announcement.
Apple Inc.’s (NASDAQ:AAPL) shares hit new all-time highs after DA Davidson upgraded the stock from Neutral to Buy and raised the price target from $200 to $230, citing AI advancements announced at WWDC 2024 as drivers for an upcoming iPhone upgrade cycle.
According to economic data, the NFIB Small Business Optimism Index increased to 90.5 in May, reaching a five-month high from April’s 89.7 and exceeding market expectations ...