MRKT MATRIX: June 11, 2024

Today’s Top Stories:

• S&P 500, Nasdaq close at fresh highs Tuesday as Apple pops more than 7% (CNBC)

• Davidson upgrades Apple, says iPhone maker will be first to get people to really use AI (CNBC)

• Nvidia’s high will eventually come down (Axios)

• What to Expect From Wednesday's Closely Watched CPI Inflation Report (Investopedia)

• JPMorgan’s equity strategist says stocks are ignoring ‘abundant’ risks, sees maybe one Fed cut (CNBC)

• Bitcoin Faces ‘Crucial’ 36 Hours on Heightened Sensitivity to US Yields (Bloomberg)

• Pimco Warns of More Regional Bank Failures on Property Pain (Bloomberg)

• GM board approves new $6 billion share buyback authorization (CNBC)

• Starbucks joins the value menu wars with a new discounted offer (CNN)

• Retailers are finally cutting prices. Will it last? (Washington Post)

Live Trade Ideas: $AAPL, $JPM, $C, $GLD & $BTC

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, June 11th.

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

Timecodes

0:00 - Apple & The Godfather; 10:00 - Banks/Financials; 14:00 - Yields & Bonds; 20:00 - Copper, Gold, Silver & Bitcoin; 32:00 - Viewer Q&A.

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