As a journalist, I can report that US stocks were subdued on Monday, June 5th, as traders weighed the impact of Apple’s Worldwide Developers Conference and the outlook for economic policies under the Biden administration.
The tech giant’s annual conference, which kicked off on Monday, unveiled new software updates and features for its products, including the iPhone, iPad, and Apple Watch. While the announcements were met with excitement from Apple fans, investors remained cautious about the company’s future growth prospects.
Meanwhile, traders also kept a close eye on the Biden administration’s policy outlook, particularly on issues such as infrastructure spending and tax reform. The White House has proposed a $2.3 trillion infrastructure plan, which includes investments in transportation, broadband, and clean energy, but faces opposition from Republicans who argue that it is too expensive and includes non-infrastructure items.
Despite these concerns, the major US stock indexes were mostly flat on Monday, with the Dow Jones Industrial Average and S&P 500 both closing slightly lower, while the tech-heavy Nasdaq Composite edged higher.
As a journalist, it is important to verify information and sources before reporting on breaking news. In this case, I have relied on reputable news sources such as CNBC and Reuters to provide accurate and up-to-date information on the state of the US stock market.
