From Morningstar: 2024-06-10 04:47:57

Insights into market performance and economic trends from Morningstar’s Dan Kemp. Meme stocks like GameStop surged and fell, highlighting the difference between investment and speculation. US equities rose, but small-cap stocks struggled. A strong US jobs report showed 272,000 new jobs created in May. Bond prices have remained steady this year. The focus is on the Fed’s upcoming meeting.

This week’s events: Earnings from Oracle, CPI report, and FOMC meeting. The US Market Index rose 1.03%, with technology and healthcare sectors performing well. Yields on 10-year US Treasury notes fell. Stocks like Smartsheet and Hewlett Packard Enterprise were up, while RealReal and Vistra were down. Check out the full economic calendar for the week.



Read more at Morningstar: Markets Brief: Fed Interest Rate Decision Looms