Key Updates to Prepare for the Opening of the Stock Market: 5 Must-Know Factors
Money | June 18, 2024, 7:04 a.m.
Investors should take note of five key updates for the trading day:
1. The S&P 500 continues its rally, reaching a new high fueled by gains in megacap tech stocks like Apple and Microsoft.
2. Nvidia's stock is on the rise, with its weight in the Technology Select Sector SPDR Fund increasing significantly.
3. Apple discontinues its Apple Pay Later program in the U.S., shifting focus to installment loans through third-party companies.
4. GameStop's future remains uncertain after its annual meeting concluded without any updates on strategies or growth plans.
5. McDonald's faces challenges as customers shift towards digital ordering methods, impacting sales growth.
These updates provide valuable insights for investors as they navigate the trading day ahead.