After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which dampened risk sentiment.
PayPal appoints Srini Venkatesan of Walmart as new CTO, effective June 24. He will oversee technology development and implementation across the ecosystem.
Economic data shows mixed results on Thursday, with higher jobless claims and weak housing starts, but positive future indicators. Market reactions were slight.
US stock markets closed higher on Tuesday with S&P 500 and Nasdaq reaching record highs. Nvidia became world's most valuable company. Asian markets mixed.
U.S. stocks will likely carry over from where they left off as the market reopens after the Juneteenth holiday on Thursday. The major index futures were all uniformly higher, underpinned by the continued buoyancy in the tech space.