Stocks Mark First Day of June With Modest Gains

The Dow, S&P 500 and Nasdaq all start June with modest gains

Deputy Editor
Jun 1, 2020 at 4:37 PM
facebook X logo linkedin

Despite an uprising in social turmoil in the U.S., stocks marked the first day of June with gains. The Dow closed up 91 points, while the S&P 500 and Nasdaq marked closes modestly in the black. Despite relations with China on the brink of collapse, investors in the U.S. are still optimistic as the economy continues to reopen. Wall Street is paying close attention to political rhetoric, however, after earlier U.S. President Donald Trump was criticized by two governors during a national conference call toward his "dangerous" and "inflammatory" handling of the death of George Floyd.

Continue reading for more on today's market, including:

  • Bears ravage Twitter stock amid Trump tensions.
  • ZNGA hits 8-year high on billion-dollar deal.
  • Plus, Google postpones latest reveal; COTY gets a new CEO; and UAL reintroduces international flights.

The Dow Jones Industrial Average (DJI - 25,475.02) added 91.91 points, or 0.4% for the day. Boeing (BA) led the charge with a 3.8% pop, while Pfizer (PFE) paced the losers on a 7.1% slide. 

The S&P 500 Index (SPX - 3,055.73) ended 11.42 points, or 0.4% higher, and the Nasdaq Composite (IXIC - 9,552.05) tacked on 62.2 points, or 0.7%.

Meanwhile, the Cboe Volatility Index (VIX - 28.23) rose 0.72 points, or 2.6%.

closing summary june 1

nyse nasdaq june 1

5 Items on Our Radar Today

  1. Despite the economic downturn brought on by the coronavirus pandemic, U.S. manufacturing activity just came off an 11-year low in May. However, data has made it clear that the current reopening won't offset the catastrophic unemployment count. (Reuters)
  2. The Markit Manufacturing Purchasing Index (PMI) revealed that manufacturing activity in China expanded in the month of May. Despite analysts expecting the May PMI number to come in at 49.6, reading showed 50.7, suggesting that production recovered faster than expected. (MarketWatch)
  3.  Google is postponing its latest Android reveal.
  4.  This cosmetics company just named its fourth CEO in three years.
  5.  United Airlines stock just soared after introducing international flights back to its network.

There were no earnings of note today.

unusual options june 1

Data courtesy of Trade-Alert

Oil Drops on Rising U.S.-China Tensions

As tensions between the U.S. and China weighed, oil futures pulled back. Oil for July delivery lost 5 cents, or 0.1%, to settle at $34.44 per barrel.  

On the other hand, gold marked gains after the dollar dropped to its lowest level since mid-March and U.S-China tensions increased. Gold for August delivery fell $1.40, or 0.08%, to settle at $1,750.30 per ounce.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI