Reported 4 months ago
On the first trading day of June, US stocks closed mixed as the Nasdaq and S&P 500 rose while the Dow Jones fell. A weaker-than-expected reading on the manufacturing sector led to lower major averages and bond yields. GameStop shares surged over 100% after an influential trader revealed a big bet, sparking meme stock speculation. Meanwhile, oil prices fell after OPEC+ production cuts. In other news, Marriott CEO noted strong summer bookings, while Paramount and Skydance agreed on a merger, and Spotify announced subscription price hikes.
Source: YAHOO