Stock indexes closed at record highs once again, with the Dow seeing strong performance from financial stocks like Goldman Sachs and JPMorgan Chase, while Boeing struggled due to concerns about company culture. Tech giants like Apple, Amazon, and Microsoft saw losses as Nvidia became the world’s most valuable company. The S&P 500 was lifted by AI stocks like Teradyne and Nvidia, but homebuilders like Lennar faced challenges. NextEra Energy’s stock fell after announcing plans to sell $2 billion of equity units. Meanwhile, central banks are increasing gold purchases, and Shell acquired Pavilion Energy. Philip Morris faced a dip after suspending online Zyn sales, while Lennar’s stock dropped despite strong quarterly results. La-Z-Boy’s stock jumped on strong earnings and an upbeat outlook. Stock futures were mixed. Investors are closely watching these developments in the market.
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:max_bytes(150000):strip_icc()/MarketBlogImage-final-6ac06c7b9250446a8e86c566b11e02e1.png?w=1500&resize=1500,1013&ssl=1 "Nvidia Surpasses Microsoft in Market Cap on June 18, 2024 as S&P 500 and Nasdaq Achieve Record Closes")