U.S. Stocks Show Mixed Performance: Broadcom Increases by 12%, Tesla by 4%

The trade overview includes current reports, trends, indices, stock prices, bonds, foreign exchange, commodities, and analyst recommendations. The trend on Wall Street is currently mixed, with the NASDAQ up 0.2%, Dow Jones down 0.2%, and S&P 500 up 0.1%. Two media giants, Paramount Global and Warner Brothers Discovery, are experiencing declines. Paramount’s stock dropped 13% after merger talks with Skidnes were suspended, while Warner Bros. declined due to Liberty Global’s purchase of a stake in Formula E.

In volatile trading on Wall Street, the indexes are fluctuating, with the NASDAQ up by 0.15%, Dow Jones down by 0.3%, and S&P 500 down by 0.1%. Berkshire Hathaway, managed by Warren Buffet, sold 13% of its holdings in Apple in the first quarter, resulting in a loss of approximately $3.7 billion. Meanwhile, stock Nvidia is trading at a record high, following a stock split and reaching a market value of $3.16 trillion.

European markets closed with sharp declines, with the German DAX falling by 2%, the French CAC by 2.2%, and the British Potsey by 0.7%. Despite this, trading on Wall Street remains mixed and stable, with the NASDAQ up 0.2%, Dow Jones down 0.5%, and S&P 500 up 0.1%. Tesla’s shareholder resolutions, including approval of CEO Elon Musk’s benefit package and the transfer of Tesla’s incorporation documents, are currently being discussed.

On the Asian markets, the Nikkei fell by 0.3%, Hang Seng increased by 0.5%, Shanghai Stock Exchange fell by 0.3%, and Kospi jumped by 1.5%. Last night on Wall Street, the Nasdaq and S&P 500 broke all-time highs, while Dow Jones lost value. Inflation data in the US for May pointed to a stabilization of inflation, leading to a drop in bond yields. Bond yields are currently trading around 4.32% for the 10-year yield and 4.46% for the two-year yield. Oil prices are slightly lower at $78 per barrel for American oil and $82 per barrel for Brent.

The Consumer Price Index data for May in the US showed no change from April, pointing to a stabilization of inflation. The US Fed left interest rates unchanged, predicting only one rate cut in 2024. Broadcom’s strong financial results led to a 13% jump in early trading, with revenue exceeding expectations. Additionally, Oracle’s partnership announcements with Google and OpenAI caused a 13% increase in its stock price.

In conclusion, the trade overview provides insights into current market trends, stock movements, and economic indicators that impact trading on global markets.