Market And Economy News

Modi's Narrow Win Shocks Markets and Investors Worldwide

Investors remained optimistic despite a weaker-than-expected JOLTS report, with major indexes closing higher. India's Prime Minister Narendra Modi declared victory in a tight election, likely needing coalition support. Analysts discuss the potential impact of Apple's upcoming Worldwide Developers Conference on its stock, particularly regarding AI advancements. Oil prices fell as OPEC+ did not extend production cuts, disappointing traders. President Biden's executive action on immigration aims to reduce asylum seekers at the southern border, while Warner Bros. Discovery announced a price hike for its streaming service Max.