Schaeffer's 43rd Anniversary Stock Picks in 2024

Dow Jumps Triple Digits, Back in Black for June

It's been a slow start to the month, but jobs data on Friday has investors anxious

Deputy Editor
Jun 4, 2024 at 4:26 PM
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The Dow finished the day up triple digits, recovering yesterday's losses, while the S&P 500 and Nasdaq inched higher as well. Today was the opening salvo of a two-part jobs data deluge this week; April job openings came in today at three-year lows, while investors await Friday's nonfarm payrolls data. Meanwhile, the Cboe Volatility Index pared earlier gains, but still notched its sixth win in the last seven days, while bond yields turned sharply lower. 

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

  • 3 airline stocks to watch as summer travel picks up. 
  • Behind Bath & Body Works stock's sharp selloff
  • Plus, SPX candle to keep tabs on; analyst praise for cyber; and INTC gets AI bump.

Closing Indexes Summary June 4

NYSE and Nasdaq Stats June 4

5 Things to Know Today

  1. Election results in Mexico, South Africa, and India all delivered negative economic impacts as investors considered new possibilities. (Reuters)
  2. Hitachi and Microsoft (MSFT) announced a multibillion-dollar collaboration to speed up their adoption of artificial intelligence (AI). (WSJ)
  3. What the S&P 500's recent "hammer" candle could mean. 
  4. Cybersecurity stock upgraded to "buy."
  5. Intel unveils newest Xeon server processors

Corporate Earnings June 4

Unusual Options Activity June 4

Oil Extends Drop After OPEC+ Meeting

Oil futures fell today, extending last session's four-month lows after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to begin unwinding some production cuts later this year. July-dated West Intermediate (WTI) crude lost $1.41, or 1.9%, to $72.81 to settle at a barrel.  

Gold futures fell as the U.S. dollar steadied following yesterday's drop. June-dated gold dropped 0.9% to settle at $2,347.40 per ounce.

 

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