The markets opened higher as Apple prepared for its much-anticipated developer conference, with the S&P 500 rising above the 6,000 level. Technology stocks, particularly chip stocks like AMD, contributed to the positive market atmosphere. In contrast, Tesla experienced a decline after a downgrade from analysts. Meanwhile, U.S. and Chinese officials are expected to resume trade discussions that could impact market sentiment. Upcoming inflation data will also be closely monitored this week, adding further interest to the economic landscape.
The three major stock market averages are higher out of the gate, with the Dow Jones, Nasdaq, and S&P 500 all posting gains, suggesting a positive start to the week.
Big Tech stock Apple gears up for its developer conference today, with anticipation surrounding advancements in AI innovation during the keynote address from CEO Tim Cook.
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