Here’s what happened to the stock market on Tuesday – CNBC

Posted: June 24, 2020 at 5:57 am

Dow Jones Industrial Average rises 131 pointsApple hits record high

Apple shares rose 2.13% to a record high as Wall Street ananalyst and investors cheered a slew of announcements from the tech giant. One analyst hiked his price target on the stock to $400 per share from $325 per share. MicrosoftandAmazon also hit all-time highs, rising 0.67% and 1.86%, respectively.

Tuesday's gains came after a wild overnight session amid comments fromWhite House trade advisor Peter Navarro. In an interview with Fox News, Navarro said the U.S.-China trade deal was "over." The comment sent stock futures tumbling. However, Navarro later clarified his comments "had nothing at all to do with the Phase I trade deal, which continues in place." This clarification sent stock futures back higher.

Weekly jobless claims data are set for release Wednesday morning.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

View post:

Here's what happened to the stock market on Tuesday - CNBC

Related Posts