1 June stock futures: Dow up 0.1%, S&P 500 flat, Nasdaq 100 down 0.1%; Nvidia announces new AI chips "Rubin".
Stock futures remained stable ahead of the first trading day of June, with the Dow Jones ticking up 0.1%, the S&P 500 flat, and Nasdaq 100 futures down 0.1%. Wall Street experienced a strong May with all three major averages recording their sixth positive month in seven, but the rally seemed to lose momentum towards the end of the month. Investors will focus on economic updates including manufacturing data and a key jobs report, while monitoring the Federal Reserve meeting later in June. Nvidia announced new AI chips called "Rubin" on Sunday, with shares increasing over 120% year-to-date.
June 03, 2024
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