In the early trading session, the three major U.S. stock indexes showed mixed movements, with NVIDIA rising over 2% and Lululemon briefly surging over 9%
The US labor market continues to cool down, while the European Central Bank cuts interest rates. At the beginning of the US stock market trading session, the three major stock indexes showed mixed movements, with NVIDIA rising by over 2% and Lululemon surging by more than 9% at one point. Lululemon raised its fiscal year profit guidance and expanded its share repurchase program
On Thursday, June 6th, the U.S. labor market continued to cool slightly, and the European Central Bank cut interest rates by 25 basis points as scheduled. The U.S. stock market opened with mixed results, with the Dow Jones down 0.04%, the Nasdaq up 0.23%, and the S&P 500 up 0.06%.
NVIDIA continued its previous upward trend, rising 2.43% at the opening. The company recently became the first computer chip company with a market value exceeding $3 trillion. TSMC rose by about 0.3%.
Lululemon surged by 9.6% at one point, marking its largest single-day increase since October 16th last year, and is currently up by 4.39%. The company previously raised its annual profit guidance and expanded its share buyback program. According to financial report data, Lululemon's Q1 2024 revenue reached $22.09 billion, up from $20.01 billion, with an expected value of $22 billion. Earnings per share were $2.54, up from $2.28, with an expected value of $2.39.
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