Reported 4 months ago
US stocks slid on Monday as the tech-heavy Nasdaq and S&P 500 fell, while the Dow Jones dropped around 1% amid weak manufacturing data and uncertainty over Fed rate cuts. GameStop shares surged over 100% after 'Roaring Kitty' revealed a significant position, sparking speculation of a meme rally. Meanwhile, oil prices fell on OPEC+ production cuts, and Spotify announced price hikes. The ISM report showed further manufacturing contraction, while Nvidia shares rose premarket. Salesforce's disappointing earnings impacted software stocks, and June historically poses challenges for the stock market.
Source: YAHOO