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Stock Market News: Oil spikes, Apple shares hit all-time high, Target downgrade

Oil prices jump after Saudi Arabia leads OPEC+ price cut, Apple CEO Tim Cook delivers keynote at WWDC, Target shares face second downgrade in week. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

6Posts
03:46 PM, June 05, 2023

JPMorgan CEO on his political future

Jpmorgan Chase Co.
$
140.47

Last week, Jamie Dimon CEO of JPMorgan, hinted about a potential interest in politics once his tenure at the nation's largest bank winds down. The company is making a clarification on his plans.

Posted by FOX Business Team
09:55 AM, June 05, 2023

Apple WWDC

Apple Inc.
$
180.95

Apple CEO Tim Cook will kickoff the tech giant's Worldwide Developers Conference today at 1pm ET from Cupertino, CA. Cook is expected to unveil a highly anticipated VR headset and give clearer guidance on its AI strategy.

This as shares hit an all-time high Monday.

Posted by FOX Business Team
09:44 AM, June 05, 2023

Oil spikes

SymbolPriceChange%Change
USO$64.151.602.56
XOM$105.762.402.32
CVX$156.264.102.69
COP$102.352.822.83

Oil jumped nearly 3% trading above $73 per barrel after Saudi Arabia led a 1 million plus production cut. The move may drive prices at the pump higher.

Posted by FOX Business Team

Coverage for this event has ended.