The record of the Nasdaq and the S&P 500 ends with the rise of Apple

The S&P 500 and Nasdaq indexes posted record closes for the second straight day on Tuesday, led by a more than 7% gain in Apple shares, as investors awaited U.S. consumer price data and a monetary policy announcement by the Federal Reserve.

The Dow Jones fell 0.31% to 38,747.42 points. The S&P 500 rose 0.27% to 5,375.32 points. The Nasdaq technology index rose 0.88% to 17,343.55 points.

Apple shares jumped 7.3%, closing at a record high and giving the S&P 500 and Nasdaq the biggest boosts, after the stock fell in the previous session.

At its annual developer event that began Monday, Apple unveiled new artificial intelligence features aimed at increasing the appeal of its devices, including an improvement to its Siri virtual assistant that will be able to answer a wider range of questions and perform more complicated operations. tasks than before.

The S&P 500 technology index also rose 1.7% to a record close.

The US consumer price index report and the US central bank’s monetary policy announcement will be released on Wednesday.

The Fed is expected to keep its interest rate unchanged, according to economists, who will keep an eye on the release of the central bank’s updated economic projections, which show where monetary policymakers expect the key rate to be this year and in the future. near future. long term.

“Everyone feels uncomfortable, but the data and actions taken by consumers continue to point to resilience, and that tends to be generally pretty optimistic,” said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.