• What caused the yen to weaken beyond 160?
• What drove Amazon's stock above the $2 trillion market cap?
• What topics will be discussed in tonight's debate?
MARKET MOVEMENTS
Dow Jones
S&P 500
Nasdaq
39,084.64(-0.11%)
5,476.68(-0.02%)
17,811.31(+0.03%)
Opening price as of 06/27/2024 compared to last close
IN THE HEADLINES
Yen Weakens Beyond Key 160 Level, Raising Risk of Intervention
The yen has fallen to its lowest level since 1986, prompting concerns of intervention from Japanese authorities. Driven by a widening interest rate gap with the US, the yen reached 160.62 per dollar, marking a more than 12% decline this year. Masato Kanda, Japan’s vice minister of finance, hinted at potential intervention if the yen hits 165 per dollar, despite challenges posed by limited reserves and market volatility. Read more
Amazon Stock Breaks Out Above $2 Trillion Market Cap
Amazon (AMZN) has surpassed the $2 trillion mark, closing at $193.61 with a 3.9% gain. Bank of America raised its price target to $220, citing improvements in retail profitability, Amazon Web Services growth, and excitement over generative AI. The company aims to deliver over 9 billion packages globally in 2024 and is launching a new section for low-cost items from China to compete with Temu. Read more
Trump and Biden's first presidential debate of 2024 is tonight
Non-major party candidates, including Robert F. Kennedy Jr., did not qualify for CNN's debate stage due to ballot and polling requirements. Biden and Trump are set for a debate moderated by CNN's Jake Tapper and Dana Bash in Atlanta. Topics may cover immigration, abortion rights, legal issues, the economy, and more. The debate will air on CNN and other networks, with another debate scheduled for September 10. Read more
TradeUP TIDBITS
What is 24 Hour Trading?
24-Hour Trading allows you to trade outside of regular market hours, offering flexibility to manage investments during convenient times like lunch breaks or commutes. This feature enables you to seize market opportunities anytime, seamlessly integrating trading into your schedule. Read the Full Article
INVESTOR TIPS
After-hours Trading
After-hours trading, also known as extended-hours trading, refers to trading that occurs outside of regular trading hours. Regular trading hours for stocks traded on exchanges and certain other markets are from 9:30 a.m. to 4:00 p.m. Eastern Time.
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