Reported 7 months ago
FTNN News Network reported on June 12, 2024, that despite US May Consumer Price Index (CPI) only rising by 3.3%, below market expectations, the Federal Reserve kept interest rates flat, leading to most US stocks ending Wednesday in the positive - with S&P, Nasdaq, and Nasdaq all hitting new highs, while Dow fell slightly. Microsoft narrowly prevented Apple from taking its market value crown, with Apple briefly surpassing Microsoft's market value but ultimately closing at $213.07 per share, up 2.86%, compared to Microsoft's $441.06 per share, up 1.94%. Both companies hit new market value highs, with Apple at $3.27 trillion and Microsoft at $3.28 trillion. TSMC ADR also saw gains, surging by 4.39% to $172.98 per share, also setting a new closing high.
Source: YAHOO