Friday, 14 June 2024: Salesforce and Amazon down after a fourth closing high in S&P500
Jun 14, 2024 ·
5m 27s
![Friday, 14 June 2024: Salesforce and Amazon down after a fourth closing high in S&P500](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/cd28525abfd602a496c37176cbece14f.jpg)
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Description
US equity markets logged modest gains, with fresh gains for technology stocks lifting the S&P 500 and Nasdaq to their fourth consecutive record close - Dow eased -65-points or -0.17%,...
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US equity markets logged modest gains, with fresh gains for technology stocks lifting the S&P 500 and Nasdaq to their fourth consecutive record close - Dow eased -65-points or -0.17%, with Salesforce Inc (down -2.87%) and Amazon.com Inc (-1.64%) the worst performers in the 30-stock index. Boeing Co fell -1.08% said it has found improperly torqued fasteners on some of its undelivered 787 Dreamliners, the latest in a series of quality problems. The fastener problem does not make the wide-body plane unsafe to fly, and it has not stopped delivering the aircraft to customers. Apple Inc rose +0.55% to US$214.24, lifting the company’s market capitalisation to US$3.285 trillion to usurp Microsoft Corp (+0.12%, market cap US$3.282 trillion) as the most valuable US company. Apple hadn’t closed with a market cap above Microsoft’s since 24 January, according to Dow Jones Market Data.
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Author | Morgans Financial Limited |
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