The Pre-Market Rundown 2: May 08, 2024
Wall Street is pointed towards small gains at the opening bell. The Dow is on a 5 day winning streak, the longest stretch since December. The White House says. President Biden plans to announce a more than $3 billion investment by Microsoft for an AI data center in Wisconsin. The facility would be built on the same land as a failed $10 billion investment by Apple supplier Foxconn. The White House says the data center would create an estimated 2300 union construction jobs and 2000 permanent jobs over time. Apple unveiling new versions of the iPad, the first refresh of the tablet since 2022. The iPad Pro comes in two sizes, 11 and 13 inches, and starts at $999. It will snap into a new case Apple calls the Magic Keyboard, which pairs the iPad with a keyboard and trackpad. the new iPad Air moves the front facing camera to the longer side of the device, making it better to video conference. It will be available in stores next week. For CNBC business news, I’m Solvana now.