S&P 500, Nasdaq Snag Fresh Record Closes

The Nasdaq logged its best single-session gain since April 26

Managing Editor
Jun 5, 2024 at 4:30 PM
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After a morning in the red, stocks powered their way to wins across the board today. The Nasdaq and S&P 500 hit fresh record highs for a third and fourth consecutive gain, respectively, with the tech-heavy former clocking its best single-session gain since Feb. 22. The Dow pared a triple-digit deficit to secure a modest win of its own.  

Data pointing to a weak labor market was the talk of the Street today, after ADP private payrolls came in lower-than-expected, while ISM services PMI expanded slightly above anticipations.

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

  • Analysts swarm computer hardware name.
  • Watch these 3 cyber stocks right now.
  • Plus; a deep dive on oil; CRWD's post-earnings pop; and Instacart upgraded.

Closing Indexes Summary June 5

NYSE and Nasdaq Stats June 5

5 Things to Know Today

  1. The Association of Professional Flight Attendants has failed to reach an agreement with American Airlines (AAL), extending its current strike following a rejected 17% wage increase offer. (CNBC)
  2. Following a legal battle in Europe's top Court of Justice, Irish-based food chain Supermac's gained the right to use McDonald's (MCD) famous 'Big Mac' phrasing for its products. (MarketWatch)
  3. Bull signal that flashed bright before OPEC+ meeting.
  4. Crowdstrike stock wins the day after earnings
  5. Analyst: the Instacart selloff is overdone.

Corporate Earnings June 5

Unusual Options Activity June 5

Crude Up Off the Mat Gain After Supplies Update

Following yesterday's losses, crude futures secured a bounce-back win, their first in six sessions, amid gains in commercial oil, gas, and distillate. July-dated West Intermediate (WTI) crude tacked on 82 cents, or 1.1%, to close at $74.07 per barrel. 

Responding to a fall in bond yields, gold futures climbed higher for Wednesday's session. The June-dated commodity added 1.2% to settle at $2,375.70 per ounce.

 

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