From Nasdaq: 2024-06-10 15:09:54

Stock indexes are up slightly amid higher bond yields, driven by strong May payroll report data. Energy stocks are rising with WTI Crude up over 3%. Markets are watching for the US May consumer price report and results of the 2-day FOMC meeting. Positive Q1 earnings results are supporting stocks. Overseas markets are mixed. Interest Rates are pressured by the Fed outlook and European bond yields are higher. ECB members hint no rate cuts soon. US Stock Movers sees energy stocks up and regional banks down. Notable losers include Illumina, Advanced Micro Devices, Comerica, and Perion Network Ltd. Winners include Southwest Airlines, Crowdstrike, KKR, GoDaddy, Mohawk Industries, Planet Fitness, and Broadcom. Earnings reports on 6/10 for Autodesk Inc, Calavo Growers Inc, Children’s Place Inc, FuelCell Energy Inc, Ocean Biomedical Inc, Skillsoft Corp, Uranium Energy Corp, and Yext Inc.



Read more at Nasdaq: Stocks Edge Higher Despite Rising Bond Yields