About this episode

US equity markets stabilized after a sell-off, with a focus on Middle East news and Apple's WWDC announcements.

US equity markets steadied following a sharp sell-off last Friday ( 5 June) as Middle East headlines remained in focus and chip stocks rebounded from steep declines in the previous session - Dow slipped -81-points or -0.16% . Travelers Companies Inc (down -2.15%) was the worst performer in the 30-stock index , while Cisco Systems Inc (+2.06%) was the leading Dow component overnight . Apple Inc’s (down -1.89%) Worldwide Developers Conference (WWDC) kicked off overnight , with investors offering a tepid reception to the new Apple Intelligence system . Apple said that its new AI features won’t be available in China while the company “works through regulatory requirements” . It marks Tim Cook’s last WWDC as chief executive officer (CEO) as he prepares to hand over the reins to hardware chief John Ternus in September.

Topics covered

• US equity markets
• Middle East headlines
• chip stocks
• Apple WWDC
• AI features
• CEO transition

Keywords

• US equity markets
• Middle East
• chip stocks
• Apple WWDC
• AI features
• Tim Cook
• John Ternus

Mentioned in this episode

Organizations: Apple Inc, Travelers Companies Inc, Cisco Systems Inc

Places: China

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