Benzinga Market Summary: NVIDIA Begins Trading On Split-Adjusted Basis, Apple WWDC Event To Start At 1:00 PM ET, Far-Right Makes Gains In European Parliament Elections, AMD Falls After Ratings Downgrade From Morgan Stanley
Portfolio Pulse from Benzinga Newsdesk
NVIDIA begins trading on a split-adjusted basis, Apple WWDC event is set to start at 1:00 PM ET, and AMD falls after a ratings downgrade from Morgan Stanley. Additionally, the far-right makes gains in European Parliament elections.
June 10, 2024 | 2:25 pm
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NEGATIVE IMPACT
AMD falls after a ratings downgrade from Morgan Stanley, which could lead to a short-term decline in stock price.
Ratings downgrades from major financial institutions like Morgan Stanley often lead to a decrease in stock price as investors react to the negative outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The far-right makes gains in European Parliament elections, which could impact European markets and ETFs like VGK.
Political shifts in Europe can lead to market volatility, affecting European-focused ETFs like VGK.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Apple's WWDC event is set to start at 1:00 PM ET, which could lead to announcements that impact the stock price.
Apple's WWDC events often include significant product announcements that can influence the stock price positively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
NVIDIA begins trading on a split-adjusted basis, which could attract more retail investors due to the lower price per share.
Stock splits often make shares more affordable to retail investors, potentially increasing demand and driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100