According to a report by Golden Finance on June 10th, on Monday, June 9th, when the US stock market closed, the three major indices showed mixed performances. The Dow Jones Industrial Average dropped 1.11 points from the previous trading day to close at 42,761.76, with the decline almost negligible. The S&P 500 index rose 5.52 points to close at 6,005.88, an increase of 0.09%. The Nasdaq Composite Index rose 61.28 points to close at 19,591.24, an increase of 0.31%.
In terms of individual stocks, the share price of Apple Inc. (AAPL.O) dropped by 1.21% and closed at $201.45 per share. On that day, Apple held its annual Worldwide Developers Conference and announced a comprehensive redesign of its operating system. This news led to a rapid decline in its stock price in the afternoon. Nvidia’s (NVDA.O) share price rose by 0.6%, Tesla’s (TSLA.O) saw a strong rally, increasing by 4.5%, and digital currency-related company Circle’s (CRCL.K) performed outstandingly, with its share price rising by 7%.
In terms of sectors, the eleven major sectors of the S&P 500 Index showed a pattern of six declines and five gains. The public utilities sector and the financial sector led the decline with drops of 0.66% and 0.55% respectively, while the non-essential consumer goods sector and the materials sector led the increase with gains of 1.08% and 0.62% respectively.
The market fluctuations on that day were mainly influenced by factors such as investors’ attention to Sino-US economic and trade relations and expectations of the increase in US consumer prices. On the one hand, on June 9 local time, the first meeting of the China-Us economic and trade consultation mechanism was held in London, UK, and investors kept a close eye on the relevant progress. On the other hand, survey data released by the Federal Reserve Bank of New York shows that American consumers expect the price increase in the United States to be 3.2% in 12 months, lower than the 3.6% predicted in the previous month. At the same time, expectations for price increases in three and five years have also declined, which to some extent has affected market sentiment.
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