Stock Market News: Oil spikes, Apple shares near record, Target downgrade

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.

Oil spikes

Symbol Price Change %Change
USO $64.15 1.60 2.56
XOM $105.76 2.40 2.32
CVX $156.26 4.10 2.69
COP $102.35 2.82 2.83

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.

Walmart beefs up AI

Walmart Inc.

$

148.82

Walmart unveiled its AI strategy being implemented at its Supercenters across the nation.