Market Indices

S&P 500

• Closing Price: 5,421.03
• Daily Change: +45.71 (0.85%)
• Date: June 12, 2024

FTSE 100

• Closing Price: 8,186.90
• Daily Change: -28.58 (-0.35%)
• Date: June 13, 2024

NASDAQ Composite

• Current Value: 17,608.44
• Net Change: +264.89 (1.53%)

Nikkei 225

• Refer to sources 5, 6

Top Performing & Worst Performing Sectors

Top Performing

• Technology (+9.95%)

Worst Performing

• Real Estate (-0.3%)

Top Gainers & Losers

Top Gainers

• Shriram Finance (+4.57%)
• HDFC Life Insurance Company (+3.63%)
• Divis Laboratories (+3.17%)
• Mahindra & Mahindra (+2.66%)
• Titan Company (+2.66%)

Top Losers

• ZKH Group Limited (-57.54%)
• NanoViricides, Inc. (-25.98%)
• La Rosa Holding Corp. (-22.86%)
• Beneficient (-20.97%)
• Conduit Pharmaceuticals Inc. (-20.66%)

Economic Indicators

• US Consumer Confidence Index rose to 102.0 in May from 97.5 in April
• 12-month inflation expectation increased to 5.4% in May
• Retail sales unchanged at $705B in April
• CPI rose 3.3% over previous year in May, decelerating from April
• Labor market continues adding jobs at slower pace

Notable Earnings Reports

• Amazon (AMZN) expected on 8/1, market cap $1.93T [[$citation:1]]
• Tesla (TSLA) expected 7/17, market cap $559B [[$citation:1]]
• Microsoft (MSFT) reported 6/12, EPS 10.96, revenue $12.5B [[$citation:2]]
• Adobe (ADBE) expected 6/13, expected EPS 4.40, revenue $5.3B [[$citation:2]]
• Broadcom (AVGO) reported 6/12, EPS 8.16 [[$citation:4]]

Stock in Focus: Booking Holdings

• Sector: Online Travel
• Current Price: $3,876.41
• Forward P/E: 30.74
• Forward EPS: 48.66
• Expected Revenue Growth: +5.5% to $5.76B
• Market Cap: $677.07B
• Forward Dividend Yield: 1.44%

Analyst Recommendations

Target (TGT)

• Latest PT: $116 (-21.2% downside) by Exane BNP Paribas on 6/3
• Recent Rating: Underperform by Exane BNP Paribas
• Next Expected Rating: Around 6/3/2025

Trade Desk (TTD)

• Consensus Strong Buy (16 Buy, 1 Hold, 0 Sell)

Square (SQ)

• 39 Buy, 7 Hold, 5 Sell in current month
• Average PT last 3 months: $90.43

Market Highlights

• Sensex closed at 76,600, Nifty at 23,300 on 6/12
• Rupee appreciated 3 paise to 83.56 vs USD on 6/12
• Sensex ended at 76,810.90, Nifty at 23,399.90 on 6/13
• FCA highlighted data integrity, algorithmic governance in surveillance

Support & Resistance Levels

Support represents a level where a downtrend is expected to pause due to demand. Resistance represents a level where an uptrend is expected to pause due to supply. These levels are influenced by market psychology and can be identified using technical analysis tools like Fibonacci, Wolfe Waves, and moving averages.