On Monday, the stock market on Wall Street opened lower with the Dow Jones almost at zero, while the S&P 500 and Nasdaq were down 0.2 percent and 0.3 percent respectively. Investors were able to trade Nvidia’s split shares for the first time, with the share price opening at $118.20, down 2.2 percent. Apple was also trading down 0.7 percent as investors eagerly awaited the start of their annual WWDC developer conference, where they were expected to announce AI tools for their devices.
In other news, on Wednesday, the US central bank will announce its key interest rate decision, expected to remain between 5.25-5.50 percent. Investors will closely watch for any comments on future interest rate cuts as they continue to monitor market trends and fluctuations. Tesla will also be holding a general meeting on Thursday where investors will vote on CEO Elon Musk’s $56 billion incentive package. The company’s market value needs to reach $650 billion in ten years for Musk to receive the full payout.
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