From Nasdaq: 2024-06-05 11:37:39

Stock indexes saw mixed movement today, with the S&P 500 up, Dow Jones down, and Nasdaq higher. Tech stocks led the charge after positive reports from Hewlett Packard and CrowdStrike, with Cisco’s dip dampening the Dow.

US mortgage applications fell, while the May ADP employment change missed expectations. Markets anticipate the ECB’s rate decision and upcoming US jobs report for signals on Fed policy.

Overseas markets had mixed results, with Europe up and China and Japan down. T-notes rose on dovish data, while Eurozone PPI and PMI fell. Swaps heavily favor a rate cut by the ECB.

Tech stocks like HPE, CRWD, AMAT, and ASML saw gains, while BF/B and CSCO dipped. Meta Platforms and Maplebear rose, while Cisco and Campbell Soup faced losses. Dollar Tree reported lower sales.

Earnings reports on June 5 include BF/B, CPB, CHPT, and more. Positive Q1 earnings continue to support stocks, with markets closely following upcoming economic indicators for Fed policy clues.



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