From Nasdaq: 2025-06-02 18:18:00

The stock market closed flat-to-up on Monday, with the Dow up 0.08%, S&P 500 up 0.41%, and Nasdaq up 0.67%. Renewed interest in AI trade boosted tech stocks, while oil companies benefitted from $63 barrels of oil. Manufacturing reports for May showed a slight decline, and construction spending remained negative in April.

Tuesday will see the release of the April JOLTS report, with expectations for a slight decrease to 7.1 million job openings. Factory orders for April are also expected to dip into negative territory at -3.3%. Companies reporting earnings this week include Dollar General and CrowdStrike, with projected negative growth in earnings per share.

Zacks has named a new top semiconductor stock with significant room for growth in the AI, Machine Learning, and IoT sectors. Global semiconductor manufacturing is projected to increase from $452 billion in 2021 to $803 billion by 2028. This stock is poised for significant expansion in the coming years.



Read more at Nasdaq: Markets Close in Green on Mostly Quiet Trading Day