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Market news: Explosions were heard in Kyiv, the capital of Ukraine.On July 28th, Apple (AAPL.O) surpassed Nvidia (NVDA.O) to regain the title of the worlds most valuable company by closing price, for the first time since April 2025. Nvidias stock price fell nearly 5% on Monday, reducing its market capitalization to $4.77 trillion, as investors expressed concerns about the enormous costs of building AI infrastructure, leading to a general decline in the AI chip sector. Meanwhile, Apples stock price rose 1%, reaching a market capitalization of $4.95 trillion, ahead of its highly anticipated earnings report after the market closes on Thursday. Nvidia had held the title of the worlds most valuable company since dethroning Microsoft in June 2025, and briefly touched a $5 trillion market capitalization last October. So far in 2026, Nvidias stock price has only risen 4%, while Apples has risen 24%. Apples outperformance is attributed to its cautious approach to AI capital expenditures, favoring leased computing power over self-built infrastructure—a strategy that has resonated with investors.According to the New York Post: Israeli Prime Minister Netanyahu will provide US President Trump with intelligence on Irans "Gazelle" nuclear facility.A U.S. Senate aide said the Senate is expected to begin voting on the Russia sanctions bill as early as Tuesday (during Ukrainian President Zelenskys visit to the U.S.).According to two Senate aides, Ukrainian President Volodymyr Zelensky will meet with the full U.S. Senate on Tuesday evening local time.

Stock Markets Await the CPI Figures

Skylar Shaw

Jun 10, 2022 14:36

The Technical Analysis of the S&P 500

The S&P 500 attempted to climb in the futures market on Thursday, but as you can see, we've given up a lot of those gains. As we await the important CPI statistics on Friday, stock markets have sunk a little. The CPI figures will have a significant impact on what people anticipate the Federal Reserve to do in terms of monetary policy. Finally, this market seems to be prepared to maintain its volatility, but once we get this figure, individuals will want to get involved and gamble on rates.


The bond market suggests that speculators are expecting the CPI statistic to be very high, causing the stock market to fall. On the other side, if the figure comes in indicating indications of slowdown, we may be able to push this market over the 4200 level. The 4200 level is now a short-term resistance barrier that the market has been battling. If we can get through that level, the 4300 level will be our next objective and a far more formidable resistant barrier.


If the market falls below the 4070 level, we are likely to see a drop to the 4000 level, and then to the 3900 level. More pressure might lead to a move back to the 3800 level, from where the market has recovered. In any case, I'm not a big fan of the stock market, but it seems like we're moving back and forth and seeking for some kind of directionality in the near run.

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