These Stocks Are Moving the Most Today: Tesla, Apple, Robinhood, AppLovin, Warner Bros., Nvidia, Qualcomm, and More
Tesla trades lower ahead of the possible launch of its robo-taxi service this week in Austin, Texas, while Apple's annual Worldwide Developers Conference begins Monday.
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Yahoo
7 minutes ago
- Yahoo
US-China trade, inflation, Apple's big event: Here's what the stock market is watching this week
There's a handful of potentially market-moving events on the calendar this week. US-China trade talks and May inflation data will be the highest-profile events for traders. Apple's WWDC will shed light on the company's supply chain and AI strategy. Investors will be monitoring a host of potentially market-moving events this week, with updates due on trade and inflation, while Apple kicks off a highly anticipated product event. Recession fears have edged down after the turmoil that racked markets earlier in the spring, but the market is still struggling with uncertainty regarding President Donald Trump's trade policies and their implications for the economy. While last week's jobs report showed a solid labor market, investors are monitoring how the inflation side of the Federal Reserve's dual mandate fares this week, and how it will influence the rate-cut outlook for the year. Meanwhile, Apple's Worldwide Developers Conference will provide insight into not only new software updates but also the future of the AI race among mega-cap tech companies. Here's what investors are watching this week. After last week's phone call between Trump and Chinese president Xi Jinping, China and US trade officials are meeting in London on Monday for two days of trade negotiations. Last month's trade talks were key to calming recession fears and helped propel the S&P 500 to its highest levels since February, but concerns still remain. The biggest negotiation topic will be over China's exports of rare earth metals, which are critical components in manufacturing semiconductors, smartphones, and other technologies. Continued improvements in trade relations between the two countries will be critical to reducing volatility in the market and could shed clarity on the direction of tariff rates. The consumer price index for May will be released on Wednesday. Last month's reading of 2.3% was fairly benign, but investors will continue to watch for signs of Trump's tariffs showing up in the hard data. Importantly, the reading will be key in determining the Fed's next move. The median forecast is for annual consumer inflation to have risen 2.5% last month. Meanwhile, expectations for the June 17 Fed meeting are for officials to keep interest rates unchanged. "The big surprise could be how little Trump's tariffs are boosting inflation despite upward pressures on prices-paid and prices-received indexes in the Fed's regional business surveys," wrote on Sunday. Yet, some strategists have predicted that inflation will pick up in the back half of this year, spurring stagflation concerns. Meanwhile, consumer sentiment will get a fresh reading on Friday. Sentiment has been low as Americans feel pessimistic about tariffs, though hard data that the Fed looks at has held up. All eyes will be on Apple this week as it kicks off its annual Worldwide Developers Conference, where the company is expected to unveil new AI features embedded in iOS 19. The conference will be an opportunity for Apple to address several headwinds it has faced this year. "In a nutshell WWDC is a pivotal moment in Apple's future as the developers are the hearts and lungs of the Cupertino growth story with the Street being laser-focused on Apple today," Wedbush analyst Dan Ives wrote. The tech giant has trailed peers like Microsoft and Google in the AI race, and its stock has taken a beating this year as the worst-performing Magnificent Seven member, largely due to concerns about tariffs and iPhone production. Last month, Trump threatened a tariff of at least 25% on iPhones not made in the US. Investors will be looking for updates on Apple Intelligence as well, as the company's AI offering has been underwhelming to Wall Street. The US Treasury sells a lot of bonds, and usually the sale is unremarkable for markets. However, with deficit concerns running high as the GOP budget bill moves through Congress, a $22 billion auction of 30-year bonds on Thursday could move the market if demand appears weak. A weak sale of 20-year bonds last month rattled markets and sent yields surging, and all eyes are on this week's sale as a potential investor referendum on the sweeping tax and spending bill. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 minutes ago
- Yahoo
This was the 'biggest surprise' of Apple WWDC, and it isn't AI
Apple (AAPL) CEO Tim Cook delivered the keynote at the company's 2025 WWDC, unveiling changes to the iPhone maker's software system, iPad advancements, and some updates on artificial intelligence (AI). Creative Strategies CEO and principal analyst Ben Bajarin joins Market Domination with Josh Lipton to share his takeaways from the event. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Apple's big software show, Ben, it kicked off today. You were listening. What did you make of what you heard, Ben? Did you hear anything that surprised you? Yeah, I mean, I think the biggest surprise, obviously, as you guys pointed out was the, uh, the iPad update. Um, I think a lot of people have been looking for, what we'll just say, more pro-level features to the iPad. So that's things around multitasking, um, some of the better file management. I mean, you know, candidly, I think people wanted iPad to be more like a Mac, and I think that's really what they did. Um, now you've got this sort of multimodal opportunity. Use the best of iPad, have some of those Mac features built in to do a lot more productivity or even, even heavy work versus light work, right, which has sort of been the, the debate. Um, wasn't really surprised about any of the, the, the larger UI schemes. Um, and I think there was just more clarity here around where Apple's priorities are in terms of eliminating friction, making these features more helpful. And, and I thought, well, yes, not really a whole lot around kind of the front end of AI. So like how you'd interact with it. There's a lot of back end of AI that's happening from Apple. I think they've been talking about this for years, just not saying it's something like Apple intelligence. And at a fundamental level at exposing what's useful or making AI useful at a system level and then for developers is kind of the theme where I think we're, we're now at that foundation that they'll build upon that type of a strategy, you know, from a back end at a system level. Ben, all of this sounds pretty incremental, right? Not necessarily, um, retail customer facing to your point. Does this move the needle at all in terms of our refresh cycle? I mean, I think the refresh cycles is just going to stay standard like it is. I don't think we're going to see a fundamental change to any of those forecasts or any of this kind of pull in. Um, you know, again, I think the dynamic between iPad as a productivity device, even its opportunities in enterprise, they obviously sell, you know, north of 10 million, you know, plus iPads, um, per quarter. That's, that's a good unit volume. I think, you know, expanding that, making it more attractive across the vector, uh, will be super interesting to see when it comes to hardware sales. Um, but we're, we're still not expecting, and I didn't expect any of this to change our opinion of, um, you know, just the refresh cycle staying as it is, iPhones relatively flat. Um, you know, we, we don't really see that changing, and to be honest, like we've talked about before, I'm not sure we ever see kind of this upgrades, you know, super cycle, like we have before AI or, or not. So what, what, Ben, if, if you don't get that super cycle, what drives this stock higher? What gets investors excited? I mean, I think there's a combination of the device categories that they're in, right? So I think looking at other areas, I've always been bullish on Mac in the enterprise. I think they have a lot of upside there. I, I'm now more, you know, bullish on iPads opportunity or iPad Pro, which was a small volume of overall iPad shipments to, to go into that pro category. So I think there's ancillary hardware. I think there comes a time, right? We're just not there yet where they're setting the stage and this foundation leads to what they'll do with AR, VR, whatever we want to call that category smart AI glasses. Um, we're just not there yet, but as why I come back to the foundation that's being laid for the next 10 years, uh, both software and hardware. And I think you're seeing some of those seeds right now be planted in, in these new versions of the, the software for the platforms. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 minutes ago
- Yahoo
Nasdaq, S&P 500 close higher on trade hopes
Both the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) closed slightly higher on Monday; the Dow Jones Industrial Average (^DJI) was flat. Trade talks between the US and China have investors hopeful that a deal could be struck between the two nations. Learn more about today's trading in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. And it looks like things are taken a little bit of a leg lower as we, uh, close out today's session, this Monday session, the Dow now down about a point, little changed on the day here. After starting the day in the red, it's kind of made a round trip here. Uh, not necessarily any specific headlines in the last hour that necessarily would have sent things in this direction, but we're seeing it for all three major averages. The S&P 500 also heading back to the unchanged line. The Nasdaq hanging on to a gain of a third of 1%. And it is the least sort of, even though we've seen some intraday volatility here, uh, sort of the most stable by comparison between positive and negative during the session. In terms of the trade headlines that we continue to watch out of the US-China talks happening in the UK, um, it looks like they have concluded for the evening. And Treasury Secretary Benson was quoted as saying that things are going relatively well so far. That said, not seeing any big enthusiasm today. Jared's got a closer look at the action here, Jared. Yes, not a lot of big movement in the majors today. Although, I will pull up the S&P 600, which is the small caps. This is a two-day look. We've had decent pops both days and the result is up 2.17%. I'll show you the quick year-to-date and we are still trying to break out. We have just ever so slightly broken out, but, uh, not definitive just yet. And, uh, in the meantime, I've been tracking volatility. The VIX was up ever so slightly today. Let's put the two-day view on that as well. Uh, but not by very much. And then the bond market, I was watching the 30-year in particular. That's going to come into focus this week as we have about 120 billion plus in, uh, auctions from the Treasury here. And that has closed the day at 4.95%. So, those are going to be closely watched at 1:00 p.m., Tuesday, Wednesday, Thursday. And then, of course, Wednesday we got that big CPI announcement before the market opens. Here is the sector action. Let's dial that up. And we got consumer discretionary in the lead followed by materials and then tech, that's XLK, then XLE, which is energy. All four of these outperforming the S&P 500. Everything else in the red there, uh, led to the downside by utilities and then financials. And if we take a look inside the Nasdaq 100, mixed board. We got Tesla up 4.5% and I'll show you, let's take a look at the three-day. And that's going to show us still down 7% after that huge drop that we saw last Thursday. So, haven't quite, uh, clawed all that back, but we've been up two days in a row there. Apple down 1.21% after some news, uh, after the latest about its, uh, plans for the future, its devices, services, etc. Meta also down on the day. And let's close here with the Dow. Dow is looking pretty similar to the Nasdaq in terms of the mix between green and blue. Uh, an outlier here, Boeing to the upside in the lower right. That's up about 3.17%. As well as Caterpillar. So, two industrials. And for that matter, Boeing and defense stock. Defense has been on fire. Defense and aerospace.
