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This week in the stock market, there are several key events that investors should keep their eyes on. From Apple’s AI unveilings to Tesla’s shareholder votes, there is plenty of excitement in the tech sector. Let’s break down some of the top headlines:
Apple’s AI Unveilings: What to Expect
Apple’s Worldwide Developers Conference is set to kick off on Monday, where the tech giant will showcase new AI features and a new operating system across its products like iMessage and Safari. Investors are also eager to hear about potential partnerships with Microsoft-backed OpenAI and Google. This is a crucial event that tech enthusiasts and investors alike will be closely watching.
Tesla Shareholder Votes: A Key Moment for Elon Musk
On Thursday, Tesla will hold its annual shareholder meeting where votes will be cast on CEO Elon Musk’s controversial $55.8 billion pay package, as well as a possible reincorporation in Texas and the re-election of two board members. This meeting will be a pivotal moment for the electric car company and its visionary leader, Elon Musk.
Fed Rate Decision and May Inflation Figures: Market Outlook
U.S. stock futures have dipped after a strong week, with all eyes on the Federal Reserve’s rate decision and May inflation data. The S&P 500 reached a record high, with Nvidia surging and surpassing a $3 trillion market cap. With the Fed rate decision and CPI release looming, investors are eagerly watching for clues on the central bank’s next move.
Oil Prices and Gold Outlook
Oil prices have slipped for a second session due to a stronger dollar, while gold remains steady as a safe-haven asset amid global economic uncertainties. Analysts anticipate that summer demand could tighten oil supply, potentially leading to higher prices later in the year. This is a trend that investors will want to keep an eye on in the coming months.
Stay tuned to Extreme Investor Network for more updates and insights on the stock market, trading, and everything Wall Street!