Small-Caps, Dow Rally as VIX Touches 3-Year Lows

Small caps are having quite the month

Deputy Editor
Jun 7, 2023 at 4:28 PM
facebook X logo linkedin

Stocks closed out today's session all over the place. The big winner once more was the small cap Russell 2000 (RUT), which logged its fourth win in five sessions and is up almost 8% this month. The Dow has now also won four of its last five thanks to 91-point pop, while the S&P 500 remains near August 2022 highs but finished marginally lower today.

The Nasdaq also sat out today's gains, logging its worst single-session drop since April 25. Elsewhere, the Cboe Volatility Index (VIX) continued to fall, logging its lowest close since Feb. 14, 2020.

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

  • Casino stock stands among worst to own in June.
  • Why you should be targeting Tesla stock.
  • Plus, Wall Street eyes the Fed; retail stock gaps higher; and a falling biotech stock. 



5 Things to Know Today

  1. Higher-than-usual interest rates and retail prices weighed on used vehicle sales, sending prices to their lowest level of 2023 this month. (CNBC)
  2. An estimated $1 trillion of Treasury issuance will start circulating this week, a part of the debt-ceiling resolution. (MarketWatch)
  3. Besides a Fed meeting, what else lies ahead for Wall Street?
  4. Stitch Fix stock pops on revenue win.
  5. Biotech stock dips after late-stage study.



Oil Prices Move Into Positive Territory for Week

Following data that the US. experienced a weekly decline in domestic crude supplies, oil prices turned higher for the week. For the session, July-dated crude tacked on 79 cents, or 1.1%, to close at $72.53 per barrel on the day.

Gold prices closed at their lowest level since May 30, as investors pondered future Federal Reserve interest rate moves. August-dated gold shed $23.10, or 1.2%, to close at $1,958.40 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI