Here Are 3 Hot Things to Know About Stocks Right Now
- The Nasdaq I:IXIC rose modestly Tuesday and posted a new record close of 7,637.
- Apple Inc. (AAPL) - Get Report shares were up 0.77% to a record high of $193.31 following announcements on Monday from the tech giant's Worldwide Developers Conference.
- Twitter Inc. (TWTR) - Get Report will be added to the S&P 500 later this week. The stock rose 5% on Tuesday.
Wall Street Overview
Stocks were mixed on Tuesday, June 5, with the Nasdaq finishing at a new record for the second consecutive day.
The Dow Jones Industrial Average I:DJI fell 13 points, or 0.06%, to 24,799. The S&P 500 I:GSPC rose 0.07% and the Nasdaq I:IXIC shot up 0.41% to a new record close of 7,637.86. The tech-heavy Nasdaq closed Monday, June 4, at a record high of 7,606.46, surpassing its previous all-time closing high of 7,588 set on March 12.
Investors maintained a relatively cautious stance on Tuesday ahead of this weekend's G-7 summit in Quebec City that could mark a key development in global trade talks.
Apple Inc. (AAPL) - Get Report shares rose 0.77% on Tuesday after the tech giant announced its latest mobile operating system update, iOS 12, during its Worldwide Developer Conference on Monday, revealing upgrades to security, privacy and digital health services that seemed to target some of its biggest competitors, like Facebook Inc. (FB) - Get Report and Alphabet Inc.'s (GOOGL) - Get Report Google.
"(Monday) it was more clear than ever that they really wanted to draw a hard line between where they stand vs. where Google and Facebook stand," said Loup Ventures analyst Gene Munster.
- Apple Deliberately Sets Itself Apart From Facebook, Google at WWDC
- 7 Top Highlights From Apple's Software-First WWDC Keynote
Working against Musk is a struggling stock price, ongoing Model 3 production woes and a month's long tweet-storm that has called into question Musk's ability to lead.
Tesla shares fell 1.89%.
- What to Expect From Tesla's Annual Shareholder Meeting on Tuesday
- Whitney Tilson: Why Elon Musk's Erratic Behavior Has Put Tesla's Future at Risk
Twitter will replace Monsanto Co. (MON) in the index after the company's $63.5 billion merger with German chemicals group Bayer AG closes on Thursday, June 7.
Mylan NV (MYL) - Get Report was up 3.8% after it received Food and Drug Administration clearance for Fulphila, which is approved to treat chemotherapy patients with low white blood cell counts and is similar to Amgen Inc.'s (AMGN) - Get Report Neulasta.
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