Market Recap – June 5th 💰

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Market Recap – June 5th

On Monday, the S&P 500 reached its highest level in nine months, driven by notable gains in technology giants such as Apple. The benchmark index saw a modest increase of 0.1%, while the Nasdaq Composite outperformed with a 0.3% rise. In contrast, the Dow Jones Industrial Average experienced a decline of 129 points, equivalent to around 0.4%. Before Apple’s Worldwide Developers Conference in Cupertino, California, the company’s shares rose approximately 1%. Expectations are high for Apple’s announcement of a virtual reality headset called “Reality Pro” during the conference. Meanwhile, Target faced a downgrade from KeyBanc, shifting its rating from overweight to sector weight due to concerns that the resumption of student loan repayments could pressure the retailer’s margins. Target’s stock was marginally down by less than 1% in premarket trading.

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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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