May's CPI (Consumer Price Index) report was exactly the fire market indexes (^DJI, ^IXIC, ^GSPC) needed as all three are surging coming off the key inflation data. The Dow Jones Industrial Average has jumped by as high as 330 points while the Nasdaq Composite gets a solid 260-point bump higher at the market open. The Morning Brief's Seana Smith and Brad Smith monitor this morning's gains, as well as commenting on Apple's (AAPL) record high from Tuesday's session, while Jared Blikre focuses on sector leaders. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan...

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Apple shares had added more than 7% in the previous session, a day after it unveiled a range of AI-enabled features and software enhancements for its devices, a move that several analysts said would power iPhone sales...

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Stock futures (^DJI, ^IXIC, ^GSPC) are getting a lift from this morning's CPI (Consumer Price Index) print that saw inflation slow in the month of May. Though a welcomed sign, the cooling inflation data may not be enough to convince the Federal Reserve to cut interest rates in its June FOMC meeting. Fed officials are expected to hold rates higher for longer with their official decision coming at 2 P.M. ET followed by a press conference with Chair Jerome Powell. Apple (AAPL) shares reached an all-time high in Tuesday's session coming off of its AI announcements made at the company's Worldwide Developers Conference (WWDC). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan...

Apple’s announcements provide material new information for Qualcomm Incorporated investors. Read why I maintain a buy rating for QCOM stock...

Cheap valuations do not automatically make a stock a value proposition. In fact, investors who chase low valuation stocks will often get caught in value traps that underperform the market...