On Wall Street, the market opened lower on Monday with the Dow Jones close to zero, the S&P 500 down 0.2 percent, and the Nasdaq down 0.3 percent. This was the first day for investors to trade Nvidia shares with a new split share structure where shareholders received ten new shares for each share they previously owned. Apple’s annual WWDC developer conference also started on Monday with CEO Tim Cook expected to announce AI tools for their devices. Apple’s stock was down 0.7 percent.
On Wednesday, the US central bank, the Fed, is set to announce its key interest rate decision. It is expected that the rate will remain between 5.25-5.50 percent, with more interest in the Fed’s comments about potential future interest rate cuts. Tesla will hold its general meeting on Thursday where investors will vote on CEO Elon Musk’s $56 billion incentive package based on the company’s market value.
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