Beat the street: PCE; initial jobless claims; Micron; Apple; Boeing
What next for US stocks with key inflation data just round the corner? Just a few sessions left in the first half of the year, but if you want to trade AI, Micron's earnings are out this week.
Apple is charged with breaching EU tech rules. Plus, find out why Boeing’s shares are heading south ahead of the Wall Street open.
(AI Video Summary)
US PCE inflation data
In this episode of "Beat the street," Angeline Ong and guests navigate the current dynamic financial landscape. Key discussion points include an anticipation of the US PCE inflation data and Durable Goods Orders report—crucial indicators of economic health. Also highlighted is Micron's upcoming earnings, expected to give insight into AI market demand.
NVIDIA and Apple
Despite recent slips in tech stocks like NVIDIA, the stock market remains buoyed by positive trends in AI and the prospects of easing inflation pressures. Notably, EU authorities have accused Apple of breaching tech rules, potentially impacting its market activities.
As stocks like NVIDIA and Apple face varied views, there's an emphasis on the significant upcoming two weeks, historically the best for stocks, suggesting potential market resilience.
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