Nasdaq, S&P 500 Shed Gains Despite New 2023 Highs

The Dow fell triple digits as new banking regulations are being considered

Deputy Editor
Jun 5, 2023 at 4:25 PM
facebook X logo linkedin


The Nasdaq and S&P 500 pared earlier gains today, pulling back alongside Apple (AAPL). Prior to the reversal, both indexes touched 10-month highs. This big tech giant's WWDC event is underway, but the stock experienced a midday dip that put pressure on the broader tech sector. The Dow (DJI) shed roughly 200 points, as the banking sector struggled amid potential capital requirements being considered by U.S. regulators. 

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

  • Signal says bet on this casino stock.
  • Read this before Ciena reports earnings.
  • Plus, two stocks at record highs, and a downgraded discount retailer.

indexesjune5

nysejune5

5 Things to Know Today

  1. The U.S. Securities and Exchange Commission (SEC) is suing Binance, sending Bitcoin (BTC) to their lowest levels since March. (CNBC)
  2. General Motors (GM) revealed plans to invest more than $1 billion in two of its plants that will produce "next-generation" internal combustion engines (ICE). (Bloomberg)
  3. Global tailwinds lift steel stock.
  4. Bull note pushes tech stock to record high.
  5. Dollar General stock burnt by bear note.

There were no notable earnings reports today.

uvoljune5

Gold, Oil Score Daily Wins

Oil ended Monday at its highest level since May 26, with July-dated crude adding 41 cents, or 0.6%, to close at $72.15 per barrel on the day. This comes after Saudi Arabia yesterday agreed to cut oil production by 1 million barrels per day next month.

Gold futures also finished higher, after the ISM services index reading tampered fears of another interest rate hike. August-dated gold tacked on $4.70, or 0.2%, to close at $1,974.30 an ounce for the day.

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI