Stock Market Overview
Sat, Jun 1st, 2024
Go To:
Premier Members can get their watchlist or portfolio delivered via email up to 5 times a day. Learn More >>
Stocks Rally Late to Close Out a Volatile Session
Barchart - Fri May 31, 4:04PM CDT
The S&P 500 Index ($SPX) (SPY) Friday closed up +0.80%, the Dow Jones Industrials Index ($DOWI) (DIA) closed +1.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed -0.01%.
Stocks Friday rallied sharply in the last 20 minutes of the session, reversing the losses seen earlier in the day when the S&P 500 index was down as much as -0.8% and the Nasdaq 100 index was down as much as -1.9%. Volatility emerged on Friday partly because of the last trading day of the month and the rebalance of some stock indexes.
US stock indexes Friday saw support from the -4.6 bp decline in the 10-year T-note yield on the as-expected US PCE deflator, which kept alive hopes for a Fed interest rate cut later this year. The T-note yield also fell on the slightly weaker-than-expected US personal spending report. Tech stocks were undercut by weakness in chip stocks and long liquidation pressure in some of the mega-cap tech stocks.
The April PCE deflator report of +0.3% m/m and +2.7% y/y was un... Read more
The ANC party that freed South Africa from apartheid loses its 30-year majority in landmark election
AP - Sat Jun 1, 5:27PM CDT
The African National Congress party has lost its parliamentary majority in a historic election result that puts South Africa on a new political path for the first time since the end of the apartheid system...
Panama prepares to evacuate first island in face of rising sea levels
AP - Sat Jun 1, 11:18AM CDT
The Gunas of Gardi Sugdub are the first of 63 communities along Panama’s Caribbean and Pacific coasts that government officials and scientists expect to be forced to relocate by rising sea levels in...
1 'Strong Buy'-Rated Growth Stock That Analysts Expect to Almost Double
Barchart - Sat Jun 1, 9:15AM CDT
While Li Auto stock is down sharply in 2024, and sentiments towards the Chinese EV company are at best tepid, Wall Street analysts expect the stock to nearly double from these levels.
2 Copper Stocks to Buy for the Green Energy Transition
Barchart - Sat Jun 1, 7:00AM CDT
The green energy transition is driving surging demand for copper. This presents compelling investment opportunities in leading copper producers like Freeport-McMoRan and Teck Resources, which look well-positioned...
Houthi rebels say at least 16 killed and 42 others wounded in joint US-British airstrikes in Yemen
AP - Fri May 31, 11:51PM CDT
Joint British-U.S. airstrikes targeting Yemen’s Houthi rebels killed at least 16 people and wounded 42 others
Former tech exec admits to fraud involving a scheme to boost Getty Images shares, authorities say
AP - Fri May 31, 7:52PM CDT
Federal officials say a former technology executive has pleaded guilty to fraud involving a scheme to artificially boost the share price of photo and video distributor Getty Images
/Popular%20Apps%20on%20iPhone%20Screen.jpg)