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    HomeBusinessMay CPI this week, Nvidia stock split, Apple WWDC: 3 Things

    May CPI this week, Nvidia stock split, Apple WWDC: 3 Things

    Equity markets (^DJI, ^IXIC, ^GSPC) will be paying extra close attention to this week’s May CPI (Consumer Price Index) report and the Federal Reserve’s latest interest rate decision coming out of its June meeting, both occurring on Wednesday, June 12.

    Chip giant Nvidia (NVDA) is set to begin trading at its adjusted stock price Monday morning after enacting a 10-for-1 stock split.

    Apple (AAPL) kicks off its Worldwide Developers Conference (WWDC) this week, with many investors eager to see the first-generation of Apple’s AI-integrated products.

    For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

    This post was written by Luke Carberry Mogan.

    Video Transcript

    Josh Shaver, Jerry and Madison Mills have that analysis.

    You are absolutely craving this Monday morning.

    That’s right.

    Saw a big test for the markets this week.

    Wednesday will be a double whammy for investors.

    In the morning, we get Mays Consumer Price Index for Wall Street expecting an annual gain of 3.4% on a headline basis and 3.5% on a core basis.

    That’s stripping out the food and energy prices in the afternoon Wednesday, we’ll get the Fed’s latest decision on interest rates.

    The Fed is expected to hold the benchmark rate steady in a range of five and a quarter to 5.5% as it has done since July of 2023.

    We’ll also get more guidance on the path of possible rate cuts in remarks from Be Chair Jerome Powell and shares of NVIDIA ticking slightly lower pre market as the stock starts to trade on a split adjusted basis.

    The stock close on on Friday at $1208.88 and the A I leader commenced a 10 for one stock split, but the shares around 120 bucks each This does make shares more affordable for the average investor but does not affect the value of the company as a whole.

    And the change comes after video market caps are past $3 trillion last week and now sits at 2.97 trillion just under that milestone figure.

    And Apple is kicking off its annual worldwide developers conference today at 10 a.m. Pacific Time.

    1 p.m. Eastern with the key note by CEO Tim Cook, and this is expected to serve as the launch point for the company’s big push.

    Generative a. I Apple marketing chief tweeting that out on the X, formally known as Twitter this morning that WW DC will be quote absolutely incredible.

    But you can see there capitalising the A and the eye, alluding to artificial intelligence, of course, now Wall Street eagerly watching for announcements that could put Apple on the A. I map.

    After a lot of criticism that the tech giant has missed the mark so far, Apple shares are up only around 2% so far this year, trailing behind five of the seven magnificent seven stocks as well as the overall S and P 500

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