– As a “turbo booster” for stock prices – E24

The stock market kicked off the week with record gains for US listings. Apple continued to rise after last week’s AI news, while Gamestop shares fell.

Wall Street opened slightly lower on Monday after the S&P 500 hit record highs last week.

But by the time Wall Street closed, the mood had completely shifted. The S&P 500 closed at a record high on Monday.

This is how the day on Wall Street ends:

• The S&P 500 rose 0.77%
• Nasdaq tech index rose 0.95%
• The Dow Jones closed up 0.49%

According to statistics, this listing is the 30th listed company in the S&P 500 index this year. Bloomberghe also spoke to several U.S. analysts.

– We think the S&P 500 can reach 6,000 by the end of the year,” James Demmert of Main Street Research told the news agency.

He justified the announcement with improving corporate earnings and possibly several interest rate cuts.

– He said it was like a “turbo booster” for the stock price.

The S&P 500 closed the day at 5,473.

Gamestop’s stock price plummeted after the meeting

On Monday, Gamestop Ashes fell 12.13%.

This comes after the company held its annual shareholder meeting, which disappointed the market and caused the stock to fall sharply. The meeting did not include any specific updates on the video game retailer’s future plans.

The meeting lasted approximately 30 minutes, and shareholders were not allowed to ask questions during the meeting. CNBC.

Apple continues AI trousers

The sentiment in the US stock market was generally positive last week. Both the S&P 500 and the Nasdaq recorded several days of gains. The development of the Dow Jones Index, which consists of 30 large companies, was more mixed.

The strongest gains, especially for Teck stock, came on Wednesday. Then first came inflation data, which showed U.S. price inflation slows Exceeded expectations. Then the central bank also appeared Interest rate decision and new rate forecasts.

Investors this week will reportedly focus on U.S. merchandise trade data for May, due on Tuesday. CNBC.

Several of the largest technology stocks continued to rise on Monday. Apple closed up 1.97%.

apple New AI features were introduced last week The company also announced a partnership with OpenAI, the creator of ChatGPT. The stock fell only on Monday, before Fight back later this week.

Don’t believe in rate hikes

Last week, Federal Reserve Chairman Jerome Powell announced his interest rate decision. As expected, the Fed kept the key interest rate unchanged.

On Thursday, Norway’s central bank and the Bank of England will announce their interest rate decisions.

– It will be exciting to see what they say. Some are speculating whether there will be a rate hike next week, but that is not possible. It is completely unthinkable, said Kjetil Olsen, chief economist at Nordea Markets. Regarding the question of possible interest rate hike in Norway.

Meanwhile, economists at E24 said they believe Taylor Swift could get the Bank of England Consider delaying rate cuts.