S&P 500 Update: Record High Achieved as Nvidia Tops Market Cap Rankings

Money | June 18, 2024, 6:53 p.m.

On June 18, 2024, the S&P 500 rose by 0.3%, hitting a new all-time high, with Nvidia overtaking Microsoft as the most valuable public company. Walgreens Boots Alliance stock surged due to its attractive dividend and CEO’s turnaround capabilities. Ball Corp. shares fell as aluminum prices spiked. GE Vernova saw a 6.4% increase after selling its steam energy business and announcing renewable energy projects. Teradyne gained 4.8% after UBS raised its price target. On the contrary, Ball Corp. tumbled by 6.3% due to high aluminum prices. Lennar missed its home delivery forecast, resulting in a 5% drop in shares. Estee Lauder's shares declined by 3.6% despite demand growth in emerging markets, as soft sales in China affected the prestige beauty market.