From Nasdaq: 2024-06-10 18:15:44

On Monday, the S&P 500, Dow Jones, and Nasdaq 100 closed with mild gains. Energy stocks rose while bond yields increased, affecting market performance. Investors anticipate the US May consumer price report and the upcoming FOMC meeting for interest rate outlook. Earnings optimism supports stocks amid a mixed global market close.

Interest rates saw 10-year T-note yields rising on Monday. European government bond yields also increased, influenced by economic outlook and ECB comments. Investors are evaluating the possibility of future rate cuts by the ECB and ECB Governing Council members’ statements.

Stock movers on Monday included energy and regional bank stocks. Huntington Bancshares led regional banks down after adjusting net interest income estimates. Advanced Micro Devices and Southwest Airlines saw movement, along with Crowdstrike and Perion Network. Changes in the S&P 500 will occur on June 24.

Earnings reports on June 11 include Academy Sports & Outdoors, Casey’s General Stores, Oracle Corp, and others. Analysts are monitoring company performance amid market fluctuations. Market participants are advised to stay updated on market news and economic conditions for informed decision-making.



Read more at Nasdaq: Stocks Settle Higher Ahead of the Tue/Wed FOMC Meeting