RiskReversal Recap: June 10, 2024

Stocks Close at Record Highs + Apple Unveils AI Plan

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RiskReversal Media
June 10, 2024

MRKT MATRIX: June 10, 2024

Today’s Top Stories:

  • S&P 500 and Nasdaq close at fresh records, clinch first winning day in three as Fed decision approaches (CNBC)

  • Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more (CNBC)

  • JPMorgan Warns of a Shock to Stock Market’s Calm From CPI, Fed (Bloomberg)

  • Apple Debuts Long-Awaited AI Tools, Including ChatGPT Tie-Up (Bloomberg)

  • OpenAI Hires Sarah Friar as CFO, Kevin Weil as Chief Product Officer (The Information)

  • Nvidia could one day be an unprecedented 15% of the S&P 500, predicts Evercore ISI (CNBC)

  • ‘AI bar remains high’ for AMD, says Morgan Stanley as it slashes rating (MarketWatch)

  • Elliott Takes Big Stake in Southwest Airlines (WSJ)

  • FDA advisers say Eli Lilly’s Alzheimer’s treatment is effective (CNBC)

  • Office Building Losses Start to Pile Up, and More Pain Is Expected (NYTimes)

  • The Unlikely New Real-Estate Darling: Restaurants (WSJ)

  • Gas prices see ‘ultra-rare’ drop to start summer (MarketWatch)

  • Meta Gets Supreme Court Review on Investor Data-Harvesting Suit (Bloomberg)

Today’s MRKT Call is Presented by CME Group

Live Market Analysis: $SPY $RSP $NVDA $AAPL $IGV

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Monday, June 10rd.

Click here to access all of the charts mentioned in today’s MRKT Call.

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Today’s On The Tape is Presented by CME Group, iConnections and SoFi

The Most Important Week of the Year for Stocks

On this episode of “On The Tape,” Guy Adami and Liz Young Thomas of SoFi discuss volatility to start June (3:00), the Fed meeting & economic data (7:00), stocks going haywire under the market surface (12:00), market leadership (21:00), Apple’s WWDC event (26:30), why Liz says this is the most important week of the year for stocks (30:00), trimming your position (31:30), and what Guy is watching this week (32:30).

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