Marketwatch, trending stocks
The S&P 500 traded at a record, advancing Monday afternoon with technology shares again leading the way higher.
Stocks rose ahead of central bank decisions and Federal Reserve speakers that could inject some excitement later in the week.
Tweet on trending stocks
Trending stocks to watch today are;
Autodesk (ADSK)
UBS (USBG)
Broadcom (AVGO)
GameStop (GME)
Adidas (ADS)#trending #StockMarket pic.twitter.com/YBcyoTrnOf— The_Journalbiz (@the_journalbiz) June 17, 2024
Factset chart
Central bank officials are due to meet in the U.K., Switzerland, Norway, and Australia this week. Few fireworks are expected at the Bank of England’s meeting, but traders will have their eyes on Switzerland, which was an early mover in cutting rates.
Trending stocks today are;
Autodesk (ADSK): The Wall Street Journal reported that Starboard Value has a roughly $500 million stake in the design-software maker and is pushing for changes. Autodesk’s stock rose over 5% in midday trading.
UBS (CH:USBG), (UBS): The Swiss bank said it expects to book a provision of $900 million on a buyout offer to investors in former Credit Suisse funds linked to collapsed firm Greensill Capital. UBS shares climbed roughly 2% in Switzerland and the U.S.
Broadcom (AVGO): The chip and software maker’s shares advanced more than 3%, on pace to rise for a seventh session. Last week, Broadcom announced plans for a 10-for-1 stock split.
GameStop (GME): The videogame retailer’s annual general meeting will reconvene Monday at 12:30 p.m. ET. That was cut short last week after a technical issue with its call.
Adidas (XE:ADS), (ADDYY): The sportwear company said it was investigating potential compliance violations in China after it received an anonymous letter flagging possible issues there. Its shares fell more than 3% in Germany.
In afternoon trading,
Stock indexes advanced. The S&P 500 and Nasdaq were around 0.7% higher. The Dow also crept upward.
Chip makers advanced. Broadcom, Micron Technology and Super Micro Computer all rose. Tech shares outperformed broadly: The S&P 500’s information technology sector was up over 1%.
Treasury yields rose. The 10-year U.S. Treasury yield was recently at 4.277% after settling Friday at 4.212%
