CUK Nov 2024 2.500 call

Nvidia, EU targets Microsoft, reactions to Yellen: Morning Brief

It's Tuesday in the final trading week of June 2024 and stocks (^DJI, ^IXIC, ^GSPC) are roaring to give it the old college try after tech-heavy indexes have been dragged down by Nvidia's (NVDA) recent sell-off. The Morning Brief Co-Hosts Seana Smith and Brad Smith guide investors through the market open, reporting on the leading business stories and stock trends of the day. Kace Capital Advisors Founder and CEO Kenny Polcari believes Nvidia's downturn and the market's reaction to it is "way overblown," telling the Morning Brief team that investors should focus on the chip company's long-term story. Bank of America Securities Managing Director and Chief US Economist Michael Gapen sits down to talk about US Secretary of Treasury Janet Yellen's comments on the Federal Reserve's inflation target and the likelihood of a recession made in an exclusive interview with Yahoo Finance. European Union regulators are targeting yet another tech giant, this time it's Microsoft (MSFT), alleging the company breached antitrust laws by bundling its Microsoft Teams software with other programs. Other stocks trending on Yahoo Finance include Boeing (BA) and Spirit AeroSystems (SPR), Airbus (AIR.PA, EADSY), and Carnival Corporation (CCL) as the cruise line operator reports fiscal second-quarter earnings results. Watch Yahoo Finance's full, exclusive interview with US Secretary of the Treasury Janet Yellen. This post was written by Luke Carberry Mogan.